JPMorgan taps both Ethereum and Solana for separate reasons for its institutional cash stack

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 post JPMorgan taps both Ethereum and Solana for separate reasons for its institutional cash stack appeared first on CryptoSlate.