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

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

Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

Cardano founder Charles Hoskinson dismissed rumors of his departure, clarifying in a June 4 livestream that he is only stepping back from public communication, not resigning from the project. This followed community concern after his "taking a break" post on X. Hoskinson cited an unsustainable level of online toxicity, with nearly one-third of replies to his posts being hostile or abusive, making meaningful engagement nearly impossible. While acknowledging X's role in crypto information flow, he stated the psychological cost is too high. He emphasized his focus remains on technological development like RealFi, Midnight, and research, not on ADA's price. Hoskinson described a "tale of two Cardanos": significant protocol advancements versus poor market performance leading critics to label it a failure. He called for the community to resolve this dissonance by moving discussions away from X, rethinking incentives, and developing a new shared roadmap. He was critical of the Cardano Foundation's lack of accountability. Hoskinson announced he will take time away from public videos and social media to reflect, but will continue working on Midnight. He stated he will only engage in channels where he is treated with respect and dignity.

bitcoinist49m ago

Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

bitcoinist49m ago

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

The Federal Open Market Committee (FOMC) is scheduled to meet on June 16-17, with markets widely expecting the Fed to maintain interest rates at their current level of 3.5-3.75%. According to the CME FedWatch Tool, there is a 99.4% probability of rates remaining unchanged. The outcome of this meeting is anticipated to impact Bitcoin's price. If rates are held steady, Bitcoin's current market trajectory is likely to continue unchanged. Conversely, an unexpected rate hike could trigger bearish sentiment by reducing investor risk appetite and market liquidity, potentially leading to sell-offs. A rate cut, though currently considered improbable, would be the most bullish scenario, encouraging investment in risk assets like Bitcoin and potentially driving its price higher.

bitcoinist2h ago

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

bitcoinist2h ago

Anthropic's IPO Launch: Commercial Miracle or Valuation Bubble?

Anthropic has confidentially filed for an IPO, led by Morgan Stanley and Goldman Sachs, potentially going public by October. Following its latest $650 billion funding round, its pre-IPO valuation stands at $965 billion, with projections reaching up to $2 trillion at listing, which would make it the highest-valued private company ever. The article, written by Fu Sheng, addresses skepticism that this represents an AI bubble akin to the 2000 dot-com crash. It argues the current situation differs fundamentally. Unlike the internet bubble era, which relied on speculative narratives with little revenue, Anthropic's valuation is backed by unprecedented, measurable financial performance. Key data points include: * **Revenue Growth:** ARR skyrocketed from $10 billion in early 2025 to $470 billion by May 2026, targeting $100 billion by year-end—a growth curve unmatched in business history. * **Profitability:** It achieved operating profitability in Q2 2026 with an estimated $5.6 billion profit. * **Efficiency:** With ~3,000 employees and ~$470 billion ARR, its revenue per employee exceeds $10 million. Products like Claude Code, launched less than a year ago, already generate $25 billion in annualized revenue. * **Enterprise Adoption:** It boasts a strong enterprise client base, with 8 of the Fortune 10 and over 1,000 large firms spending over $1 million annually on Claude. The valuation is framed using a traditional SaaS model (e.g., a 10x Price-to-Sales multiple on $100 billion revenue). The author contends the core question for analysts has shifted from "How big could this be?" to "How much is it earning and will earn next quarter?" The discussion extends beyond Anthropic to a broader paradigm shift: the transition from a "carbon-based" to a "silicon-based" economy. Companies are increasingly prioritizing investment in compute and AI capabilities over human resources, as these directly scale productivity and competitive advantage. Anthropic's IPO is thus positioned not just as a corporate milestone, but as a price anchor for this new economic era.

链捕手2h ago

Anthropic's IPO Launch: Commercial Miracle or Valuation Bubble?

链捕手2h ago

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

A group of U.S. Senate Republicans, led by Senator Cynthia Lummis, is urging federal bank regulators to establish clear and fair capital rules for banks involved with crypto assets. In a letter to the Federal Reserve, FDIC, and OCC, the lawmakers criticized the international Basel Committee's standards, which impose a punitive 1,250% risk weight on crypto assets, calling it a de facto ban not based on actual risk. They applauded recent interagency guidance that granted tokenized securities the same capital treatment as traditional ones, arguing this risk-based principle should apply consistently to all digital assets. The senators called on the agencies to develop a new capital framework, aligning with recent legislative progress on crypto market structure. Their push coincides with testimonies from top regulators, who emphasized a shift toward more risk-based supervision and responsible innovation, while also addressing stablecoin oversight under new proposals.

bitcoinist2h ago

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

bitcoinist2h ago

Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

NEAR Returns to AI Origins: From Payroll Struggles to Blockchain, Now Focusing on AI Agents and Privacy NEAR Protocol's journey began not with grand blockchain ambitions, but from a practical hurdle: its AI startup founders, including Transformer paper co-author Illia Polosukhin, couldn't efficiently pay international developers in 2017. This led them to pivot and build a high-performance, scalable blockchain. After years navigating various crypto narratives like sharding and cross-chain interoperability, NEAR is now leveraging its AI roots to re-enter the AI arena. A key driver is its "NEAR Intents" layer, which abstracts complex cross-chain transactions. Users simply state their goal (e.g., swap BTC for ETH), and a solver network finds the optimal route. This system has processed over $20B in cross-chain volume, generating significant fee revenue. A major growth area is private transactions via "Confidential Intents/Swaps," which hide trade details until settlement to protect against MEV and front-running. Remarkably, private swaps recently accounted for over 40% of NEAR's transaction volume, highlighting strong demand but also potential regulatory scrutiny. With its AI-founder pedigree, NEAR is positioning itself at the intersection of blockchain, AI agents, and privacy, aiming to become infrastructure for the emerging agent economy while navigating the challenges of its rapid adoption.

marsbit4h ago

Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

marsbit4h ago

Trading

Spot
Futures

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