J.P. Morgan Hires Ingrid Glitz to Lead Tokenized Products in $25B Market
JPM•J.P. Morgan Asset Management hired former Paxos executive Ingrid Glitz to lead development of tokenized investment products. The on-chain real-world asset market has surpassed $25 billion, with tokenized Treasuries and money market funds accounting for over $10 billion.
1. Executive Hire
J.P. Morgan Asset Management appointed Ingrid Glitz, a former Paxos executive, as global head of tokenization to spearhead its next generation of tokenized investment products. Glitz previously launched and scaled the USDG stablecoin and the Global Dollar Network.
2. Market Size and Growth
As of June 2026, the on-chain real-world asset market exceeds $25 billion, with tokenized U.S. Treasuries and money market funds representing over $10 billion. This segment has more than tripled over the past year driven by growing institutional adoption.
3. Blockchain Platform Kinexys
J.P. Morgan’s Kinexys platform has processed more than $1.5 trillion in cumulative transaction value, facilitating tokenized deposits, programmable payments and digital collateral for institutional clients.
4. Tokenized Fund Launches
In December, J.P. Morgan launched My OnChain Net Yield Fund on Ethereum, followed in May by the OnChain Liquidity-Token Money Market Fund, expanding its suite of tokenized government money market products.
