JPMorgan will launch its second tokenized money market fund on Ethereum.

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Mars Finance News, according to The Block report, based on documents submitted on Tuesday, JPMorgan is launching its second tokenized money market fund aimed at meeting the reserve asset requirements for stablecoin issuers under the GENIUS Act. The fund is called OnChain Liquidity-Token Money Market Fund, with the code JLTXX, and will be tokenized on the Ethereum blockchain, investing in U.S. Treasuries and overnight repurchase agreements collateralized by Treasuries or cash. The blockchain technology is managed by JPMorgan’s Kinexys Digital Assets. The SEC filing will take effect today, but JPMorgan has not disclosed a specific issuance date. JLTXX is JPMorgan’s second tokenized money market fund on Ethereum, following the launch of the MONY fund at the end of last year. The MONY fund primarily targets institutional investors seeking on-chain cash management products.

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