J.P. Morgan Tokenizes $800M in Assets on Ethereum via Two Money Market Funds
J.P. Morgan Asset Management has put roughly $800 million in assets on the public Ethereum blockchain, spread across two tokenized money market funds.Two funds,
➤ J.P. Morgan Asset Management has tokenized approximately $800 million across two money market funds on the Ethereum blockchain, utilizing U.S. government Treasuries and repurchase agreements. ➤ One fund, JLTXX, experienced rapid growth, increasing from $100 million to $695 million in assets under management within its first month, indicating significant institutional capital flow onto public blockchains. ➤ This move by J.P. Morgan, alongside other major asset managers like BlackRock and Franklin Templeton, signals a shift towards treating asset tokenization as a current reality rather than a future prospect.










