- JPMorgan’s $100M fund runs on Ethereum, not on a private blockchain system.
- The fund is available to qualified investors via Morgan Money portal.
- Investors receive tokenized fund shares in a crypto wallet from JPMorgan.
JPMorgan Chase, the largest U.S. bank with $4 trillion in assets, has launched a tokenized money market fund directly on Ethereum. The $100 million fund gives institutions on-chain access to traditional short-term debt instruments.
$4T JPMorgan Puts Tokenized Money Market Fund on Ethereum
JPMorgan Chase has launched a $100 million tokenized money market fund directly on the Ethereum blockchain, marking a move by the $4 trillion asset manager into public crypto infrastructure. The new fund, named My OnChain Net Yield Fund (MONY), is available to qualified investors and operates fully on-chain using Ethereum’s public network.
The fund is built through Kinexys Digital Assets, JPMorgan’s tokenization platform, and is part of the expanding Onyx blockchain suite. According to the bank, MONY allows institutional clients to gain exposure to short-term, cash-like instruments backed by traditional assets, with returns paid and accrued daily.
MONY is seeded with $100 million in JPMorgan’s own capital and is open to outside investors as of this week. The launch was first reported by The Wall Street Journal and confirmed by the bank on Monday.
Institutional Access via Ethereum and Digital Wallets
JPMorgan confirmed that access to MONY is limited to qualified clients. This includes individuals holding at least $5 million in investments and institutions with a minimum of $25 million. The minimum investment required per participant is $1 million.
Investors subscribe to the fund via the Morgan Money portal, where their holdings are issued as digital tokens and stored in a blockchain-compatible wallet. According to the bank, subscriptions and redemptions can be made using either fiat currency or USDC, a stablecoin issued by Circle.
A JPMorgan representative said, “This product supports institutional-grade cash management directly on blockchain rails, with daily liquidity and tokenized access.”
Unlike past blockchain initiatives that relied on private networks, this fund runs on Ethereum’s public chain, offering greater transparency and interoperability.
At press time, Ethereum is priced at $2,929.09, down 6.77% over the past 24 hours. The bank has not commented on any market effect resulting from the launch.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
