JPMorgan has filed to launch a tokenized money market fund targeting stablecoin issuers, following Morgan Stanley’s similar product launch.
JPMorgan has filed to launch a tokenized money market fund designed for stablecoin issuers, according to a regulatory filing announced May 13, 2026. The move comes nearly three weeks after rival investment bank Morgan Stanley launched its own money market fund, the Stablecoin Reserves Portfolio.
The filing reflects growing institutional interest in tokenized financial products and infrastructure supporting stablecoin ecosystems. Both initiatives target the infrastructure layer of digital asset markets, where money market funds serve as backing reserves for stablecoin collateralization.
Sources: Cointelegraph
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