摩根大通出于其机构现金储备的不同原因而利用以太坊和 Solana

JPMorgan filed a prospectus on May 12 for the JPMorgan OnChain Liquidity-Token Money Market Fund, ticker JLTXX. The fund invests exclusively in US Treasury securities and overnight repo collateralized by Treasuries and cash, targeting a $1.00 net asset value. JPMorgan manages it to meet the eligible reserve asset requirements that stablecoin issuers may need under the GENIUS Act framework. The filing categorizes JLTXX as a regulated yield-bearing cash instrument designed to sit near the stablecoin reserve stack as a cash management tool for institutions, with neither the fund shares nor the token balances carrying a stablecoin classification. Ethereum is currently the only blockchain available to investors, though the filing anticipates expansion to other chains. Alongside Anchorage Digital's concurrent Solana reserve initiative, in which JPMorgan is exploring a tokenized instrument solution, that expansion note reveals an architecture that goes beyond a hedge. JPMorgan is assigning different blockchains to different jobs in the institutional cash system, with Ethereum taking fund-share and ownership workflows and Solana targeted for reserve movement and treasury operations . Item Detail Fund name JPMorgan OnChain Liquidity-Token Money Market Fund Ticker JLTXX Filing date May 12 Portfolio U.S. Treasury securities and overnight repo backed by Treasuries and cash NAV target $1.00 Regulatory positioning Managed to meet eligible reserve-asset requirements stablecoin issuers may need under the GENIUS Act framework Blockchain at launch Ethereum only Access model Permissioned; only approved wallet addresses can be allow-listed Legal ownership record Investor Register maintained by the transfer agent Stablecoin interface Available only through Morgan Money Supported stablecoin USDC only What it is not Not a stablecoin; not a stablecoin issuer; not permissionless DeFi Why it matters A regulated, yield-bearing institutional cash instrument positioned near the stablecoin reser