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JPMorgan launches second tokenized money market fund

JPMorgan (JPM) Asset Management announced the launch of its second tokenized money market fund available to U.S. investors, JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), which is now available on the public Ethereum blockchain. “JLTXX is a U.S. registered government money market fund designed to invest in a manner to support stablecoin issuers under the GENIUS Act,” the company said in a statement.

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