JPMorgan to Launch Tokenized Money Market Fund on Ethereum

RBK-cryptoPublished on 2025-12-15Last updated on 2025-12-15

Abstract

JPMorgan is launching a tokenized money market fund called the My OnChain Net Yield Fund (MONY) on the Ethereum blockchain. The bank is providing $100 million of its own capital to the fund, which will open to investors on Tuesday, December 16th. Built on JPMorgan's own tokenization platform, Kinexys, the fund will be available to qualified investors and institutions with minimum investments of $5 million and $25 million, respectively. Investors can contribute funds in US dollars or the USDC stablecoin and will get fund tokens delivered to their crypto wallets. Like traditional money market funds, MONY will hold low-risk, short-term securities, pay daily interest, and accrue dividends. JPMorgan cited significant client interest in tokenizing traditional financial instruments. The bank sees tokenized funds as appealing to crypto investors because they offer yield while keeping assets on the blockchain; such tokens can also be used as collateral on crypto exchanges. This launch occurs as the total assets in money market funds have grown to $7.7 trillion. The largest such fund remains BlackRock's BUIDL, which launched in early 2024 and has a total value locked (TVL) exceeding $2 billion.

JPMorgan Bank is launching a tokenized money market fund on the Ethereum blockchain called the My OnChain Net Yield Fund (MONY), reports The Wall Street Journal. According to the publication, JPMorgan will provide $100 million of its own capital to the fund and open access to it on Tuesday, December 16th.

The fund is supported by the bank's own tokenization platform, Kinexys. It will be open to qualified investors or individuals with a minimum investment of $5 million, as well as institutions with a minimum investment of $25 million.

The minimum investment in the fund is $1 million. Investors will be able to contribute funds in dollars or in the USDC stablecoin and receive the fund's tokens in a crypto wallet.

Like most money market funds, MONY consists of low-risk short-term securities. It pays interest daily and accrues dividends. The bank noted the growing demand for digital versions of traditional instruments.

"Clients are showing tremendous interest in tokenization. And we expect to become a leader in this area and work with clients to ensure that we have a product line that will allow them to have the same choice on the blockchain as in traditional money market funds," said John Donohue, head of global liquidity at JPMorgan Asset Management.

It is noted that tokenized money market funds are of interest to crypto investors because, unlike stablecoins, they allow holders to earn yield while keeping assets on the blockchain. Also, some tokens of such funds are accepted as collateral on crypto exchanges.

The total assets of money market funds have grown to $7.7 trillion. The largest fund remains BUIDL from BlackRock, launched in the spring of 2024. According to DeFillama, the total value locked (TVL) in BUIDL has exceeded $2 billion, and the tokens are already represented on six blockchains.

The altseason index fell to its lowest level since July. What's happening with cryptocurrency

Bribes in cryptocurrency for 'protection' of a casino resulted in prison sentences for police officers

"Lack of sustainable demand." What will happen to Bitcoin this week

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
brev
BrevisBREV
cake
PancakeSwapCAKE
jst
JUSTJST
sun
SUNSUN

Related Questions

QWhat is the name of JPMorgan's new tokenized money market fund launched on Ethereum?

AThe fund is called the My OnChain Net Yield Fund (MONY).

QWhat is the minimum investment amount for individual qualified investors in the MONY fund?

AThe minimum investment amount for qualified individual investors is $5 million.

QWhich blockchain platform is JPMorgan using to support its tokenized fund?

AJPMorgan is using its own proprietary tokenization platform called Kinexys to support the fund.

QWhat types of assets can investors use to invest in the MONY fund?

AInvestors can contribute funds in US dollars or the USDC stablecoin and will receive fund tokens in their crypto wallet.

QWhat is a key advantage of tokenized money market funds over stablecoins mentioned in the article?

AUnlike stablecoins, tokenized money market funds allow holders to earn yield while keeping their assets on the blockchain, and some of these fund tokens are accepted as collateral on crypto exchanges.

Related Reads

Attention, Bitcoin Users! Today's Hack May Be Larger Than You Think. Here's What to Do

Bitcoin users are urged to take immediate action following the disclosure of a critical security vulnerability. Hardware wallet manufacturer Coinkite has revealed a flaw in the seed phrase generation process for certain Coldcard Mk3 devices running firmware versions 4.0.1 through 5.0.3. All bitcoin addresses created from seed phrases generated on these potentially affected devices are now considered at risk. This warning coincides with an ongoing investigation into a major hack that drained approximately 1,082.65 BTC (worth roughly $70.2 million at the time) from 1,196 single-signature wallets in just 41 minutes on July 30. Security analysts believe the coordinated thefts, which used identical transaction fees and left no change, were executed by an automated tool scanning for compromised private keys. Notably, this attack occurred about 30 hours before Coinkite's public disclosure of the Coldcard vulnerability, raising concerns of a possible connection. Experts strongly recommend that impacted Coldcard Mk3 users do not consider their old seed phrase safe. The advised course of action is to generate a completely new, secure seed phrase on a trusted, modern hardware wallet and then transfer all funds to addresses derived from this new seed. Simply moving the old, potentially compromised seed to a new device is not sufficient.

cryptonews.ru53m ago

Attention, Bitcoin Users! Today's Hack May Be Larger Than You Think. Here's What to Do

cryptonews.ru53m ago

Bitcoin in August: Experts Expect Range Testing, Not a Quick Reversal

Experts anticipate Bitcoin will remain under pressure in August, lacking momentum for a sustained rally after a partial July recovery. The price, trading around $63.5k, is seen stuck in a $60-65k range. Analysts cite a challenging macro environment of high U.S. rates, persistent inflation, and a strong dollar as key headwinds, alongside record ETF outflows. Historically, August is a weak month for crypto. Experts outline three main scenarios: a base case of sideways movement between $58-68k (50% probability), a bearish drop to $50-55k (30%), or a bullish push toward $71-75k (20%). Key levels to watch are support at $60-61k and resistance at $67k. While some see current prices as attractive for long-term accumulation, most warn of potential short-term downside, with a retest of $60k or even a fall toward $53k possible. A decisive market turnaround is not expected before Q4, making August a month for testing key levels rather than a major breakout.

cryptonews.ru1h ago

Bitcoin in August: Experts Expect Range Testing, Not a Quick Reversal

cryptonews.ru1h ago

Coldcard Hardware Wallet Hacked: 594 Bitcoin Withdrawn in 25 Minutes

The Coldcard hardware wallet has been compromised, with hackers stealing approximately 594.5 Bitcoin (~$40 million) from 500 addresses in just 25 minutes. The root cause was a critical software bug, undetected for five years, which disabled the device's secure chip for generating true random numbers. This led to the creation of private keys based on predictable data like the processor's serial number, drastically reducing cryptographic security. The attackers exploited this offline by brute-forcing possible seed phrases, finding active addresses on the public ledger, and signing transactions. Initially, Coinkite (Coldcard's maker) claimed only older models were at risk but later admitted all devices running the compromised firmware were vulnerable. CEO Rodolphe Novak (NVK) apologized but ruled out financial compensation for affected users. To secure funds, owners must urgently update their firmware to specific safe versions, generate a completely new seed phrase on the updated device, and transfer all assets to new addresses created with that new seed. While a BIP-39 passphrase can help, it does not replace this migration process. Other Coinkite products like TAPSIGNER were not affected. This incident underscores that even specialized hardware requires rigorous, independent code audits, especially for cryptographic functions. It parallels past failures, like a 2006 OpenSSL bug in Debian, and raises questions about whether automated code analysis can ever fully replace human scrutiny in critical security areas.

cryptonews.ru1h ago

Coldcard Hardware Wallet Hacked: 594 Bitcoin Withdrawn in 25 Minutes

cryptonews.ru1h ago

Tether (USDT) Publishes Anticipated Financial Results for the Second Quarter! Here's Its Current Status and Assets

Tether, the world's largest stablecoin issuer, has published its Q2 2026 financial results. According to an independent audit by BDO, the company reported a net operating profit of approximately $1.5 billion and an excess of assets over liabilities totaling $4.11 billion. As of June 30, 2026, the circulating supply of USDT was roughly $184.6 billion, marking an increase of about $446 million from the prior quarter. Tether now holds over 60% of the global stablecoin market share. The $1.5 billion profit was primarily generated from U.S. Treasury bills and repurchase agreements. Total assets stood at approximately $187.75 billion against liabilities of $183.64 billion, with $183.62 billion of liabilities tied to issued digital tokens. Key actions during the quarter included a reduction of secured loans by $2.38 billion (down 15%) and an addition of 14 tons to its physical gold holdings, bringing the total to over 146 tons. CEO Paolo Ardoino reaffirmed that USDT remains fully backed by reserves despite market volatility. He also noted that the company is undergoing a comprehensive independent audit with one of the "Big Four" accounting firms.

cryptonews.ru1h ago

Tether (USDT) Publishes Anticipated Financial Results for the Second Quarter! Here's Its Current Status and Assets

cryptonews.ru1h ago

Circle Reaches Major Regulatory Milestone, Receives Trust Charter from New York Department of Financial Services (NYDFS)

Circle, a financial services and stablecoin company, announced it reached a key regulatory milestone by receiving a Limited Purpose Trust Charter from the New York State Department of Financial Services (NYDFS). This charter allows Circle to expand its operations in New York to include asset custody services, issuance of NYDFS-approved stablecoins, and management of the reserves backing them. The approval positions Circle's USDC stablecoin within a regulated framework and follows the company's earlier receipt of a national trust bank charter from the U.S. OCC. CEO Jeremy Allaire stated this achievement reflects over a decade of compliance commitment and aligns with NYDFS's high standards, comparable to those for full commercial banks, as digital dollars become central to the global financial system.

cryptonews.ru2h ago

Circle Reaches Major Regulatory Milestone, Receives Trust Charter from New York Department of Financial Services (NYDFS)

cryptonews.ru2h ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片

Top Questions

Hot Categoriesright-arrow

Hot Tagsright-arrow