JPMorgan’s second tokenized money market fund is built on Ethereum smart contracts to provide institutional investors with continuous, on-chain access to cash-equivalent assets. The offering supports real-time token transfers, embedded compliance controls and 24/7 liquidity, leveraging the bank’s existing fund management infrastructure on blockchain.

By expanding its tokenized fund lineup, JPMorgan aims to capture a larger share of institutional digital asset flows and drive recurring service fees. Success of the second fund could encourage further blockchain product development and bolster the bank’s competitive position in digital custody and settlement services.