JPMorgan Launches Tokenized Money Market Fund on Ethereum

JPMorgan Asset Management has launched its first tokenized money market fund, My OnChain Net Yield Fund, on the Ethereum blockchain with a $100 million seed, starting December 15, 2025.

The launch represents a significant advancement in the financial industry, leveraging blockchain technology to enhance transaction speed and efficiency, potentially influencing future asset trading practices.

Introduction

JPMorgan Asset Management has launched its first tokenized money market fund, named My OnChain Net Yield Fund (MONY), on December 15, 2025. Seeded with $100 million, the fund is accessible to qualified investors from December 16.

Leadership and Technology Integration

Leadership includes George Gatch, CEO of JPMorgan Asset Management, and John Donohue, Head of Global Liquidity. MONY uses the Kinexys Digital Assets platform and integrates with the Morgan Money platform for trading liquidity.

Financial and Technological Impact

The introduction impacts the finance and cryptocurrency sectors, signaling an evolution in asset handling efficiency. Key changes involve Ethereum and USDC, potentially benefiting decentralized finance (DeFi) ecosystems. Financially, JPMorgan committed $100 million, offering redemptions in cash or USDC. Assets like ETH and USDC are directly affected, with potential to drive changes in asset liquidity dynamics within the blockchain realm.

Industry Precedence and Expectations

The project includes historical precedents set by BlackRock and Franklin Templeton in digital finance. These pioneers showed enhanced transaction speed and better asset management as key benefits. Experts anticipate financial efficiencies, suggesting the reach of digital finance could expand, impacting regulatory frameworks and technologies in major financial markets globally. Due to JPMorgan’s stature, MONY is expected to drive sector-wide innovations.