JPMorgan Files Tokenized Money Market For Stablecoin Issuers

Cointelegraph Staff

(02:14 AM UTC)

1 min read

JPMorgan has filed to launch a tokenized money market fund on Ethereum, allowing stablecoin issuers to hold reserves backing their stablecoins in a regulated, cash-like vehicle while earning interest.

The "OnChain Liquidity-Token Money Market Fund," ticker JLTXX, will invest in US Treasury bills and overnight repurchase agreements collateralized by US Treasurys or cash, according to a filing…

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Cointelegraph Staff · Cointelegraph

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