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JPMorgan files to launch the JPMorgan OnChain Liquidity-Token Money Market Fund.
JPMorgan filed to launch JLTXX, a tokenized government money market fund targeting stablecoin issuers.
KEY POINTS
- JLTXX will initially use Ethereum for tokenized share transactions but expects support for more blockchains.
- A $1 million minimum investment applies, with annual operating expenses after waivers set at 0.16%.
- JPMorgan offers optional USDC conversion services via Morgan Money but is not affiliated with Circle.
- Future GENIUS Act regulations could impact JLTXX’s eligibility as a reserve asset for stablecoins.
COMPANIES
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