JPMorgan Asset Management hired former Paxos executive Ingrid Glitz to build tokenized investment products, adding to its fast-growing digital assets team.
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J.P. Morgan Asset Management added a new face to its digital assets team this week. The firm hired Ingrid Glitz, a former Paxos executive, to build tokenized investment products.
Glitz announced the move on LinkedIn. She spent two years at Paxos launching USDG and the Global Dollar Network, a stablecoin project. Her new role takes her beyond stablecoins into the broader world of tokenized financial assets.
“I am joining J.P. Morgan Asset Management to help build out new tokenized products,” she wrote.
The hire lands as tokenized real-world assets become one of the fastest-growing corners of digital finance. The on-chain RWA market now exceeds $25 billion, with tokenized U.S. Treasuries and money market funds alone accounting for more than $10 billion. That market has tripled over the past year, driven by institutional adoption.
J.P. Morgan already runs Kinexys, its digital assets platform that has processed more than $1.5 trillion in cumulative transaction value. It has also launched two tokenized money market funds on Ethereum: the My OnChain Net Yield Fund (MONY) in December 2024 and the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX) in May 2025. Those funds give institutional clients faster settlement and easier collateral use.
Glitz’s background at Paxos gives her direct experience in stablecoin infrastructure and tokenized-dollar products. That positions her between the firm’s digital cash layer – JPM Coin – and its growing line of tokenized fund products. The most immediate product lane is likely tokenized money market funds and the settlement plumbing around them, according to people familiar with the team’s plans.
J.P. Morgan’s tokenization push follows a pattern set by other large asset managers. Franklin Templeton, for instance, has moved Treasury funds and private credit onto blockchain rails. The competition for institutional tokenization mandates is heating up, as Securitize's $400M SPAC debut showed earlier this year.
The on-chain RWA market has more than tripled over the past year to over $25 billion, according to data compiled by the firm.
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