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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAccording to reports, JPMorgan has filed a prospectus for the JPMorgan OnChain Liquidity-Token Money Market Fund under the ticker JLTXX, which will operate on the Ethereum and Solana blockchains. The fund aims to maintain a stable net asset value of $1.00 by investing exclusively in US Treasury securities and overnight repo collateralized by Treasuries and cash.
This move aligns with the broader institutional trend toward Real World Asset (RWA) tokenization, following BlackRock's BUIDL fund which surpassed $500 million in assets shortly after launch per market data. The inclusion of Solana alongside Ethereum marks a strategic shift, as Solana offers higher throughput and lower costs for the settlement of Treasury-backed digital instruments.
Operationally, investors are monitoring JLTXX's ability to attract institutional capital amid steady US interest rates, with the 30-year mortgage rate at 6.45% as of May 6, 2026. Markets are also looking toward upcoming catalysts, including speeches by Fed officials Kashkari and Williams on May 7, to gauge the monetary policy trajectory affecting money market yields.
Update: JPMorgan has further expanded its digital asset strategy by filing for a second tokenized fund on the Ethereum network. This move comes amid intensifying competition in the Real World Asset (RWA) sector, signaling an acceleration in the bank's adoption of blockchain technology for investment fund management.