JPMorgan launches tokenized money market fund on Ethereum — built to meet GENIUS Act stablecoin reserve rules!

JPMorgan is bringing a tokenized money market fund to Ethereum, with the new 'OnChain Liquidity-Token Money Market Fund' investing in U.S. Treasurys and overnight repurchase agreements collateralized by Treasurys or cash. The move marks one of the most significant TradFi-to-onchain capital deployments from a major U.S. bank to date.

The fund is explicitly designed to satisfy the reserve asset requirements that stablecoin issuers must meet under the GENIUS Act — the pending U.S. stablecoin legislation that would mandate high-quality liquid assets as backing. That positioning makes this more than a yield product: it's JPMorgan planting a flag in the infrastructure layer of regulated stablecoin issuance.

For Ethereum, landing JPMorgan's tokenized reserve infrastructure is a meaningful legitimacy signal — and for the broader RWA tokenization narrative, it's the kind of institutional…