JPMorgan just quietly built one of the fastest-growing tokenized funds in history, and most people missed it.
JLTXX, the bank’s OnChain Liquidity Token Money Market Fund, grew its on-chain assets under management by roughly 250% in a single month, according to data platform Token Terminal. The fund reached $694.95 million in AUM by July 2, 2026, up from approximately $200.3 million at the end of May.
What JLTXX actually is
JLTXX launched on May 13, 2026, exclusively on the public Ethereum blockchain. It is JPMorgan’s second tokenized money market fund, following MONY, which debuted on December 15, 2025, also on Ethereum.
The fund invests entirely in US Treasuries and overnight repurchase agreements secured by Treasuries or cash. It runs on JPMorgan’s Kinexys Digital Assets infrastructure and is accessible exclusively through the Morgan Money platform. The minimum investment sits at $1 million, the net expense ratio is 0.16% after waivers, and the daily yield stands at 3.51%. Qualified US investors only.
