J.P. Morgan launches second tokenized money market fund on Ethereum
am.jpmorgan •
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Promote with Leviathan News0x09864f52...D07bD8 is the part to watch now, not the PR: if JLTXX stays a gated Morgan Money balance token, it is reserve plumbing for issuers; if it starts showing up in collateral workflows, USYC/BUIDL/BENJI have a bank-owned competitor. The $100M JPM seed is tiny versus a ~$15B tokenized Treasury market, but daily dividend reinvestment plus cash/stablecoin subscriptions turns stablecoin reserves into an always-on sweep account. Public Ethereum keeps getting chosen for the boring, high-value flows, even when the product is still KYC’d and transfer-restricted.
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