JPMorgan Launches Tokenized Money Market Fund on the Ethereum Network
Date: 2025-12-16 Author: Henry Casey Categories: BUSINESS
JPMorgan Chase announced the launch of its first tokenized money market fund, powered by the Ethereum blockchain. The project was implemented with the support of JPMorgan Asset Management, which manages approximately $4 trillion in assets. Initially, the bank invested $100 million of its own capital into the fund, confirming the strategic importance of the initiative for the entire group.
The new investment product is called My OnChain Net Yield Fund (MONY). It is aimed exclusively at qualified and institutional investors, with a minimum entry threshold of $1 million. JPMorgan plans to expand access to the fund to external clients interested in blockchain solutions with familiar financial logic.
MONY's technical foundation is the Kinexys Digital Assets tokenization platform, developed within the JPMorgan ecosystem. The investment process involves subscribing through the Morgan Money portal, after which the investor receives digital tokens in their crypto wallet. These tokens represent their stake in the fund and effectively replace traditional shares.
The fund supports transactions in both fiat currency and the USDC stablecoin, simplifying interaction between the traditional financial infrastructure and the blockchain environment. Subscriptions and withdrawals are available in both formats, providing flexibility for different client categories.
MONY's economic model is similar to that of traditional money market funds. Funds are invested in short-term debt instruments with the goal of generating stable returns exceeding standard bank deposits. Interest and dividends are accrued daily, meeting the expectations of professional investors.
JPMorgan representatives emphasize the growing client interest in tokenized products. JPMorgan Asset Management's Head of Liquidity, John Donoghue, noted that the bank intends to take a leading position in the digital investment instruments market by offering familiar financial products in a new technological package.
The fund's launch coincided with changes in digital asset regulation in the US. The passage of the GENIUS Act, which established federal rules for dollar-denominated stablecoins, and the discussion of the Clarity Act created a more predictable legal environment. Analysts believe this has provided additional incentive for traditional financial institutions to more actively integrate blockchain into their business models.
JPMorgan's initiative fits into a broader trend among major asset managers. Previously, BlackRock launched a tokenized money fund, BUIDL, while Goldman Sachs and BNY Mellon announced joint developments in digital financial instruments. Thus, tokenization is increasingly transforming from an experiment into a fully-fledged segment of the global financial market.
