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J.P. Morgan Debuts Tokenized Money Market Fund on Ethereum
The U.S. dollar yield fund will be available exclusively to qualified investors.
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J.P. Morgan Asset Management is launching the bank's first tokenized money market. The "My OnChain Net Yield Fund" (MONY) will be available via the Ethereum blockchain beginning Tuesday to qualified investors who subscribe through Morgan Money.
What's the Scoop?
- Tokenized Fund: MONY invests in short-term U.S. Treasury securities and repurchase agreements fully collateralized by U.S. Treasury securities, allowing investors to earn safe yield on U.S. dollars while holding a token on the blockchain.
- Investment Restrictions: The private can only be accessed by individuals with at least $5 million in assets or institutions with $25 million or more through Morgan Money, the firm's proprietary investment platform. JPM is expected to seed MONY with $100M of its own capital.
- Recent Adoption: Although JPM CEO Jamie Diamon has historically maintained a frosty attituded towards crypto, his bank is steadily warming to blockchain. In November, the bank launched tokenized deposits on Base, and last week, it facilitated a $50M loan for Galaxy Digital.
JPMorgan announced that they will launch a new tokenized money-market fund on Ethereum!
— sassal.eth/acc 🦇🔊 (@sassal0x) December 15, 2025
The fund will be seeded with $100 million of JPMorgan's own capital and then it will be opened to qualified outside investors on Tuesday.
The future of finance is being built on Ethereum.