JPMorgan’s Crypto Push Deepens With Filing for Tokenized Fund

JPMorgan Chase & Co.’s asset management arm is deepening its push into blockchain-based finance with plans to launch its second tokenized money market fund.

The New York-based bank on Tuesday submitted paperwork for the JPMorgan OnChain Liquidity-Token Money Market Fund (ticker JLTXX). The fund would issue digital tokens on the Ethereum blockchain representing shares in its underlying portfolio of Treasuries and repurchase agreements.