JPMorgan and BlackRock Build Tokenized Funds for Stablecoin Reserves
- —JPMorgan's JLTXX launched on Ethereum with a $100 million initial commitment
- —BlackRock's BUIDL reached about $2.25 billion across nine blockchains
- —GENIUS Act requires 1:1 reserve backing from January 18, 2027
- —The law caps a single institution's share of reserves at 40%
Why it matters: Tokenized money market funds are becoming the regulatory reserve infrastructure for US stablecoins, setting the standard for issuers.
Source: CryptoActu