JPMorgan plans to bring money market funds onto the Ethereum blockchain, allowing stablecoin issuers to park reserve assets in yield-generating, cash-like products while maintaining stability. 👀 🔸 JPMorgan has filed with the SEC to launch a tokenized fund called JLTXX on Ethereum. The fund will mainly invest in short-term U.S. Treasury bills and repos backed by U.S. government securities. 🔸 The main goal is to serve stablecoin companies by offering a secure reserve management solution that can also generate yield. 🔸 The fund is designed to align with the proposed GENIUS Act regulatory framework. 🔸 Minimum investment starts at $1 million, with a management fee of around 0.16% annually.