JPMorgan tokenized U.S. Treasury product grows to $884.6M in three months

JPMorgan’s tokenized U.S. Treasury product has nearly tripled to $884.6 million from about $300 million at the end of May, according to Crypto Briefing. Its flagship products, JLTXX and MONY, operate on Ethereum, with combined assets under management exceeding $900 million. Institutional investors can invest from a minimum of $1 million, and the products support real-time on-chain settlement using cash or USDC. The overall tokenized U.S. Treasury market has grown beyond $15 billion. Crypto Briefing said JLTXX was designed to meet reserve-asset requirements under the GENIUS Act, allowing stablecoin issuers to use it as a reserve management vehicle.