JPMorgan taps Ethereum and Solana to build an institutional cash stack
CryptoSlate
JPMorgan has filed for a tokenized money market fund, using Ethereum for fund ownership and exploring Solana for high-speed reserve operations.Summary
JPMorgan has filed a prospectus for the JLTXX fund, a tokenized money market instrument designed to meet reserve requirements for stablecoin issuers under the GENIUS Act. The bank is employing a multi-chain strategy: Ethereum serves as the primary network for fund share distribution and ownership records, while Solana is being explored for its high-throughput capabilities to facilitate reserve movement and treasury operations. This architecture integrates these public chains with JPMorgan's internal Kinexys infrastructure and Morgan Money interface to create a comprehensive institutional cash management system.
(Source：CryptoSlate)