JPMorgan’s tokenized US T-bill products have seen their combined market cap surge from around $300 million in late May to nearly $885 million, approaching a threefold increase, according to Token Terminal data.
JLTXX holds about $782.2 million, representing 88.4% of the total, while MONY accounts for the remaining $102.4 million.
How the funds got here
JPMorgan launched JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX) in May, following its SEC filing. The bank committed about $100 million of its own capital to the fund, with tokenization enabled through its Kinexys Digital Assets platform.
JLTXX follows JPMorgan’s first Ethereum-based tokenized fund, My OnChain Net Yield Fund (MONY), which launched last December.
