JLTXX
ProductsAnnounced· US

JLTXX

JPMorgan's BRSRV-equivalent: a tokenized MMF explicitly scoped for stablecoin-reserve eligibility under the GENIUS Act, on Ethereum via Kinexys. Where MONY targeted qualified institutional cash management, JLTXX is built for licensed payment stablecoin issuers needing eligible reserve assets. The largest US bank is now operating two parallel rails, the same multi-rail posture BlackRock established a week earlier with BSTBL + BRSRV.

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Brief

JPMorgan OnChain Liquidity-Token Money Market Fund, ticker JLTXX. Filed with the SEC May 12, 2026; expected effective May 13. JPMorgan's second tokenized MMF. Issued on Ethereum via Kinexys Digital Assets. Invests in short-term US Treasuries (≤93 days) and fully collateralized overnight repos to meet GENIUS Act reserve eligibility for stablecoin issuers. ~16 bps management fee.

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Recent activity

Latest moves on the changelog feed.

  • May 12, 2026NEW

    JPMorgan -> SEC. JLTXX filed (JPMorgan OnChain Liquidity-Token Money Market Fund, ticker JLTXX). Ethereum via Kinexys, ~16 bps fee, short-term US Treasuries plus repo. Built to meet GENIUS Act stablecoin reserve eligibility. JPMorgan's second tokenized MMF after MONY (Dec 2025). The same multi-rail posture BlackRock established a week earlier with BSTBL plus BRSRV, now from the largest US bank.

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Snapshot

Key terms and identifiers.

Asset value
$0
Fee
~16 bps
Custodian
Traditional custodian (underlying); Kinexys (tokens)
Structure
Rule 2a-7 MMF, GENIUS Act reserve-eligible scope
Chains
Ethereum
Investor type
Stablecoin issuers + qualified institutional
Spec type
fund
As of
2026-05
Asset classes
Treasuries
Token standards
erc-20
Regulatory
sec-40-act, us-stablecoin-acts
Jurisdiction
US
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Milestones

How this player got here.

  1. May 2026SEC filing for JLTXX (JPMorgan OnChain Liquidity-Token MMF); expected effective May 13
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Connections

Who they build with, build on, integrate with.