JPMorgan Taps Ethereum for Tokenized “MONY” Fund
▪ Ethereum-Based Money Market Fund
JPMorgan Chase has launched My OnChain Net Yield Fund (MONY) on Ethereum, marking another major step toward on-chain traditional finance.
▪ $100M Seeded by JPMorgan
The private fund is initially seeded with $100 million of JPMorgan capital and opens to qualified investors this week.
▪ Who Can Access MONY
– Individuals with $5M+ in assets
– Institutions with $25M+
– Minimum investment: $1M
Available via JPMorgan’s Morgan Money platform.
▪ Yield, On-Chain
Like BlackRock’s BUIDL, MONY allows investors to earn yield while holding fund tokens on-chain, blending liquidity, stability, and blockchain settlement.
▪ Tokenization Trend Accelerates
JPMorgan says MONY reflects the industry-wide shift toward tokenizing real-world assets on public blockchains.
▪ Big Banks Likely to Follow
JPMorgan expects other G-SIB banks to offer similar tokenized products, expanding investor optionality.
▪ Multi-Chain Strategy in Play
While MONY launches on Ethereum, JPMorgan has also:
– Tokenized debt on Solana
– Explored deposit tokens on Base
– Proposed BTC-linked structured notes
▪ Why This Matters
Traditional finance is moving on-chain quietly but decisively—and Ethereum remains the primary settlement layer for institutional tokenization.
