JPMorgan Launches Tokenized MONY Fund on Ethereum for Qualified Investors

Highlights:

• JPMorgan launches a new path as the Tokenized MONY Fund draws steady interest from large investors seeking access.
• New rules help tokenization grow as firms use blockchain tools to speed settlement and support clear market activity.
• JPMorgan issues debt on Solana and shows strong demand for easy digital products in traditional finance.

JPMorgan Chase’s asset-management division has launched a new blockchain-based money-market fund on Ethereum. The bank calls the private vehicle the My OnChain Net Yield Fund, or MONY. The division started the fund with $100 million of internal capital and will open access to external investors on Tuesday. The move marks another step in the bank’s long effort to link traditional finance with onchain systems. The fund will target qualified investors who meet strict wealth requirements set by the bank.

BREAKING: 🇺🇸 $4 trillion JPMorgan to Bring first Tokenized Money Market Fund to Ethereum. pic.twitter.com/abmoVRhmyV

— Ash Crypto (@AshCrypto) December 15, 2025

The bank will offer access to the MONY fund through its Morgan Money portal. Investors will receive digital tokens that represent their fund shares and hold them in their crypto wallets. The fund will invest in short-term debt instruments that track prevailing money-market yields. The fund will also accrue dividends each day and distribute interest through familiar money-market structures. The minimum investment amount is still $1 million, and this limit restricts access to institutions and high-net-worth individuals.

JPMorgan will allow subscriptions and redemptions through cash or USDC. This settlement option highlights the growing use of stablecoins in regulated financial products. The fund will run on Kinexys Digital Assets, which is JPMorgan’s in-house tokenization system. The division said it aims to give clients a tool that links money-market investing and blockchain infrastructure. “There is a massive amount of interest from clients around tokenization,” said John Donohue, who leads global liquidity at the firm.

Exclusive: JPMorgan Chase is joining the list of traditional financial firms seeking to bring blockchain technology to an investing staple: the money-market fund.

— The Wall Street Journal (@WSJ) December 15, 2025

The fund launch adds to JPMorgan’s broader work in digital settlement and tokenized deposits. The bank has pushed digital infrastructure into several areas, including cross-border payments and repo trades.

Tokenized MONY Fund Gains Traction as Regulation Boosts Adoption

The release of the MONY fund comes during rising momentum for tokenized financial products. The GENIUS Act established a regulatory structure for stablecoins and provided certainty regarding digital settlement. This transparency has prompted Wall Street companies to increase tokenization initiatives in various asset classes.

JPMorgan said clients want more tools that bridge traditional and digital systems. Donohue said the division wants a lineup that matches traditional money-market funds while using blockchain. He said clients want access to structures that improve efficiency without changing core investment features. This demand has encouraged firms to test new systems across public and private blockchains.

The industry expects tokenization to support faster settlement and more transparent flows. Many observers also expect the sector to scale as regulators update digital asset rules.

JPMorgan Extends Its Blockchain Work Through Onchain Debt Issuance

JPMorgan also issued a commercial paper on the Solana blockchain. The bank digitized the debt onchain and paid the transaction with USDC. Galaxy was an issuer alongside Coinbase, which acted as investor and wallet provider. Franklin Templeton was also part of the deal and contributed to its operations with tokenized funds. These actions emphasize the ongoing efforts by institutions to experiment with onchain settlement across various blockchains.

Industry analysts believe that more companies will tokenize financial instruments as the demand increases. A number of banks and asset managers are considering tokenized debt and fund products now. This area has also attracted the attention of regulators who are researching the potential benefits. JPMorgan’s work shows how major institutions continue to move parts of their operations onchain.