JPMorgan Asset Management, a leading global asset manager, has officially launched its first tokenized money market fund on the Ethereum blockchain, named My OnChain Net Yield Fund (MONY). This initiative marks a milestone in bridging traditional financial products with on-chain infrastructure and signals a new phase in institutional adoption of blockchain technology.

MONY is seeded with $100 million of JPMorgan’s own capital and is offered as a 506(c) private placement to qualified investors. Shares are issued as ERC-20 tokens on public Ethereum, representing ownership in the fund, which holds short-term, low-risk assets such as U.S. Treasury securities and fully collateralized repurchase agreements. Subscriptions can be made using cash or USDC, with daily interest accruals and the same risk profile as a traditional money market fund.

Unlike typical TradFi instruments that settle over multiple days, the tokenized structure allows near-real-time settlement, greater transparency, and programmable transferability on-chain. While access remains limited to accredited investors, JPMorgan’s move is widely viewed as a validation of blockchain as institutional financial infrastructure, not merely a speculative asset layer.

This development comes as part of a wider trend in which major financial institutions are increasingly embracing tokenization and decentralized settlement rails, blurring the lines between legacy finance and decentralized networks.
#JPMorgan
#Tokenization
#Ethereum
#InstitutionalCrypto
#BlockchainFinance

JPMorgan Asset Management, a leading global asset manager, has officially launched its first tokenized money market fund on the Ethereum blockchain, named My OnChain Net Yield Fund (MONY). This initiative marks a milestone in bridging traditional financial products with on-chain infrastructure and signals a new phase in institutional adoption of blockchain technology.

MONY is seeded with $100 million of JPMorgan’s own capital and is offered as a 506(c) private placement to qualified investors. Shares are issued as ERC-20 tokens on public Ethereum, representing ownership in the fund, which holds short-term, low-risk assets such as U.S. Treasury securities and fully collateralized repurchase agreements. Subscriptions can be made using cash or USDC, with daily interest accruals and the same risk profile as a traditional money market fund.

Unlike typical TradFi instruments that settle over multiple days, the tokenized structure allows near-real-time settlement, greater transparency, and programmable transferability on-chain. While access remains limited to accredited investors, JPMorgan’s move is widely viewed as a validation of blockchain as institutional financial infrastructure, not merely a speculative asset layer.

This development comes as part of a wider trend in which major financial institutions are increasingly embracing tokenization and decentralized settlement rails, blurring the lines between legacy finance and decentralized networks.
#JPMorgan
#Tokenization
#Ethereum
#InstitutionalCrypto
#BlockchainFinance