JPMorgan files to launch new tokenized fund as Wall Street tokenization race heats up.


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Promote with Leviathan News$100M seeded on public Ethereum with a 0.16% fee puts JPM beside BUIDL/USYC in the fight to own stablecoin reserve yield, not retail RWA cosplay. If GENIUS-compliant issuers can subscribe and redeem JLTXX with cash or stables via Morgan Money, the reserve stack starts looking like permissioned DeFi with bank distribution, daily dividends, and whitelisted transfer rails. Better collateral for onchain markets, worse bargaining power for issuers who thought T-bill yield was going to stay a crypto-native margin game.
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