JPMorgan to Launch Tokenized Treasury Fund on Ethereum, Expanding RWA Push

The U.S. GENIUS Act requires payment stablecoins to be fully backed by highly liquid assets such as cash and U.S. Treasuries, fueling demand for onchain reserve management. J.P. Morgan Asset Management’s launch of another tokenized money market fund after MONY shows Wall Street is moving Treasuries and other real-world assets onto public blockchains as firms compete for capital from stablecoin issuers.

JPMorgan Trust IV filed documents for JLTXX with the U.S. Securities and Exchange Commission on May 12, 2026, and J.P. Morgan Asset Management announced the fund’s launch on Ethereum the following day. The fund will begin with a $100 million investment, with Anchorage Digital also participating. JLTXX will invest exclusively in U.S. Treasuries and overnight repurchase agreements fully collateralized by Treasuries or cash, and will charge an annual fee of 0.16%.