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The JLTXX fund would use Kinexys Digital Assets to record token balances tied to Treasury backed money market shares.
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JPMorgan Asset Management filed to launch a second tokenized money market fund on Ethereum, deepening the bank’s push into blockchain based liquidity products for institutional investors.
The fund, called the JPMorgan OnChain Liquidity Token Money Market Fund, would trade under the ticker JLTXX. The filing says the fund seeks current income while maintaining liquidity and stability of principal. It is listed under JPMorgan Trust IV’s J.P. Morgan Money Market Funds prospectus, with Token Class shares dated May 13.
