Wall Street banking giant JPMorgan is deepening its presence in the tokenized financial space, launching its first money market fund through its $4 trillion asset management arm.
On December 15 announcementthe company said that the My OnChain Net Yield Fund (“MONY”) is now available on the Ethereum blockchain. It added that the fund is powered by JPMorgan’s proprietary Kinexys Digital Assets platform, a multi-chain asset tokenization solution.
The tokenized fund offers investors greater transparency, peer-to-peer transferability and the potential for broader use of collateral within the blockchain ecosystem, JPMorgan added.
According to the announcement, JPMorgan is now the largest global systemically important bank (GSIB) to launch a tokenized money market fund on a public blockchain.
MONY investors will be able to earn returns and receive tokens to their Blockchain address
JPMorgan went on to say that MONY is a 506(c) private placement fund that offers qualified investors the opportunity to earn returns in U.S. dollars by subscribing through the bank’s trading platform, Morgan Money. The platform also allows users to receive tokens to their blockchain addresses, the company said.
Today @jpmorganthe world’s largest bank by market capitalization as of @WSJannounced that they are launching their first ever tokenized money market fund – MONY – on Ethereum.
The company is providing the fund with $100 million in equity before opening it to outside investors on Tuesday. https://t.co/xK0Qp3gFP5
— Ethereum (@ethereum) December 15, 2025
According to one report from the Wall Street Journal, MONY will get $100 million from the bank’s asset management division and will launch this week.
In the announcement, JPMorgan said MONY will only invest in traditional U.S. Treasury securities and repurchase agreements that are fully backed by U.S. Treasury bonds.
Daily dividend reinvestment will also be available to investors, allowing them to subscribe and redeem with cash or stablecoins through the Morgan Money platform.
“Morgan Money is the first institutional liquidity trading platform to integrate traditional and on-chain assets and provide investors with access to a full range of money market products,” JPMorgan said.
Donohue added that the launch of MONY “marks a significant step forward in the way assets will be traded in the future.”
Morgan Money was launched in 2019 and offers a real-time investment dashboard and a single access point for operations. This gives investors the opportunity to build stronger liquidity strategies.
JPMorgan joins other major banks that have launched on-chain funds
With the launch of MONY, JPMorgan becomes the latest high-profile financial giant to launch a tokenized fund on a blockchain. Money market funds are currently leading the way.
Franklin Templeton was one of the first traditional financial firms to launch a tokenized fund with the launch of BENJI in 2021. BlackRock followed with the launch of its BUIDL fund in 2024 with tokenization specialist Securitize. BUIDL currently has more than $1.8 billion in assets, according to data from RWA.xyz.
BUIDL overview (Source: RWA.xyz)
These funds allow investors to park unused money on blockchains and earn a return. This is similar to a money market fund, but includes faster settlement times, 24-hour trading and the ability to view ownership in real time.
The tokenized funds are also increasingly used as reserves for decentralized finance (DeFi) protocols and as collateral in trading and asset management.
The tokenized fund’s asset class has grown from $3 billion to $9 billion over the past 12 months, according to data from RWA.xyz. In a joint report published earlier this year, Ripple Labs and Boston Consulting Group predicted that the market for tokenized assets will grow to $18.9 trillion by 2033.
Related articles:
Best Wallet – Diversify Your Crypto Portfolio
- Easy-to-use, feature-driven crypto wallet
- Get early access to upcoming token ICOs
- Multi-chain, multi-wallet, non-custodial
- Now in the App Store, Google Play
- Stake to earn native token $BEST
- 250,000+ monthly active users
#JPMorgan #launches #tokenized #money #market #fund #Ethereum