J.P. Morgan Asset Management, this week, added another key executive to its growing digital assets team. The tradfi giant hired former Paxos executive Ingrid Glitz to help build the firm’s next generation of tokenized investment products.

Glitz, who previously worked at Paxos, announced on LinkedIn that she is joining J.P. Morgan Asset Management after helping launch and scale USDG and the Global Dollar Network.

“After two incredible years launching and scaling USDG and the Global Dollar Network, I am joining J.P. Morgan Asset Management to help build out new tokenized products,” she wrote in a Linkedin post.

She added that she was excited to move beyond stablecoins and explore the wider world of tokenized financial assets.

Ingrid Glitz – JPMorgan’s Tokenization Head?

Glitz joins J.P. Morgan Asset Management at a time when tokenized real-world assets have become one of the fastest-growing segments in digital finance.

As of June 2026, the on-chain RWA market exceeds $25 billion. Tokenized U.S. Treasuries and money market funds alone accounting for more than $10 billion in assets.

The market has more than tripled over the past year, driven by growing institutional adoption. Global asset managers such as Franklin Templeton are racing into tokenization. They are bringing traditional investment products such as Treasury funds, private credit and money market funds onto blockchain infrastructure.

The hire also matters because it signals where J.P. Morgan is focusing next. The bank has already built one of the most advanced blockchain businesses in traditional finance through Kinexys, its digital assets platform.

Kinexys has been used for tokenized deposits, programmable payments and digital collateral. J.P. Morgan has revealed in its latest press released that it has processed more than $1.5 trillion in cumulative transaction value across the platform.

But the bigger story now is tokenization.

J.P. Morgan Asset Management has already started moving traditional investment products onto blockchain rails. Last year, in December, Morgan launched My OnChain Net Yield Fund (MONY), its first tokenized money market fund on Ethereum.

Morgan then, last month, in May 2026 followed with JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), another tokenized government money market fund.

These products give Morgan’s institutional clients base a faster settlement, easier transferability. It allows them more flexible use of fund units in collateral and liquidity management.

Tokenization – Morgan’s Next Big Move?

The most likely product lane for Ingrid Litz is tokenized money market funds followed by cash, settlement and collateral infrastructure around those funds.

Kinexys says its platform is built for programmable payments, asset tokenization and near-real-time settlement, while JPM Coin is a deposit token designed to move money, post collateral and settle transactions on public blockchains. That means Glitz could sit at the intersection of fund products and the plumbing that makes them usable for institutions

Her background at Paxos gives her direct experience in stablecoin and tokenized-dollar infrastructure. That makes her a natural fit for a role that sits between digital cash and tokenized funds.

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Thus, Glitz’s appointment is more than a senior hire. It reflects where one of the world’s largest asset managers believes capital markets are headed. As tokenized funds move from pilot projects to institutional products, J.P. Morgan appears to be assembling the team it believes can help build that future.