JPMorgan Debuts Money-Market Funds on Ethereum Blockchain

JPMorgan Chase has launched a new tokenized money-market fund on the Ethereum blockchain, marking a significant step in its digital finance strategy. 

Through this move, the bank is using blockchain technology for a major investment product used by large investors.

JPMorgan Introduces Onchain Money-Market Fund for Large Investors

Reportedly, the new fund is called the My OnChain Net Yield Fund, known as MONY. JPMorgan Asset Management introduced the fund with an initial $100 million from the bank’s own capital. The fund opens to outside investors this week, marking a major step in bringing traditional investment products onto public blockchain infrastructure.

MONY operates as a private fund and targets qualified investors. These include individuals with at least $5 million in investments and institutions with a minimum of $25 million. The fund also requires a minimum investment of $1 million, which shows it is designed for large and experienced investors.

The fund operates on JPMorgan’s Kinexys Digital Assets platform, which allows financial products to be created and managed on blockchain. Investors can access the fund through the Morgan Money portal and will receive digital tokens that show their ownership. These tokens are stored in a crypto wallet, keeping the investment fully onchain.

Like other money-market funds, MONY invests in short-term debt instruments. It aims to offer returns that are usually higher than regular bank savings. The fund calculates interest every day and adds dividends on an ongoing basis. Investors can subscribe or redeem their holdings using either cash or the USDC stablecoin issued by Circle.

Rising Investor Demand Pushes Growth in Tokenized Funds

Interest in real asset tokenization is rising as investors want faster settlement, better transparency, and more flexibility. JPMorgan expects blockchain-based funds to operate like regular money-market funds, but with extra benefits from digital technology.

Recent changes in United States policy have also supported the growth of tokenization. New laws, such as the GENIUS Act and progress on the Clarity Act, have made it clearer and easier for financial firms to work with digital assets.

By 2025, tokenized real-world assets reached thirty eight billion dollars. Tokenized money-market funds have drawn investors who want to earn returns while keeping their assets onchain.

JPMorgan and Big Banks Expand Into Tokenized Investments

JPMorgan is joining other major asset managers, like BlackRock to launch tokenized investment products. Goldman Sachs and Bank of New York Mellon have also shared plans to issue digital tokens linked to money-market funds.

Crypto exchanges are also rolling out tokenized stocks and securities in some markets. JPMorgan’s Ethereum-based fund is part of its wider blockchain efforts. Even though the bank’s CEO has been critical of cryptocurrencies, JPMorgan continues to test how blockchain and crypto can work within regulated markets.

Recently, the bank helped arrange a commercial paper deal for a Galaxy Digital unit using the Solana blockchain. The deal used a new token and settled in USDC, with the entire process handled onchain.