JPMorgan is launching a tokenized money market fund designed to satisfy the reserve requirements stablecoin issuers are required to maintain in the U.S. as part of the GENIUS Act, according to a filing from Tuesday. The new fund, tokenized on the Ethereum blockchain, will invest in U.S. Treasurys and overnight repurchase agreements collateralized by Treasurys or cash, the filing said. JPMorgan is calling the fund the "OnChain Liquidity-Token Money Market Fund," which will trade under the ticker JLTXX. JPMorgan said the blockchain technology used by the fund will be managed by Kinexys Digital Assets, its own business unit. "The Ethereum blockchain, a public blockchain network, is currently the only available blockchain for use by investors, although expansion to other blockchains is anticipated in the future," according to the filing. The SEC filing becomes effective May 13, though JPMorgan did not disclose a launch date for the fund. #USCPIHits3.8% #TradeStocksOnOKX #CLARITYAct309Pages @OKX中文 @OKX Orbit