JPMorgan To Rival BlackRock, Goldman Sachs With $100M Tokenized Money Market Fund
JPMorgan Chase & Co. (NYSE:JPM) has launched its first tokenized money-market fund on Ethereum (CRYPTO: ETH), marking a significant step in Wall Street’s push toward on-chain finance.
JPMorgan Launches Tokenized Money Fund
JPMorgan’s asset-management arm is rolling out its first tokenized money-market fund, branded My OnChain Net Yield Fund, or MONY, the Wall Street Journal reported on Monday.
The private fund will run on the Ethereum blockchain and is seeded with $100 million of JPMorgan’s own capital.
The bank supports the product through its Kinexys Digital Assets platform and will offer it to qualified investors, including individuals with at least $5 million in investable assets and institutions with a minimum of $25 million.
The fund carries a $1 million minimum investment.
Wall Street Accelerates Tokenization Push
The launch follows growing momentum across Wall Street after regulatory clarity earlier this year unlocked broader experimentation with tokenized financial products.
Firms are increasingly exploring blockchain infrastructure to modernize settlement, collateral usage, and access to yield-bearing instruments.
JPMorgan executives said client demand is accelerating as institutional investors seek …
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