On December 15, 2025, JPMorgan Chase, one of the largest banks in the world with assets over $4 trillion, announced the launch of the first tokenized money market fund on the public Ethereum blockchain. The fund, named **My OnChain Net Yield Fund (MONY)**, started with an initial investment capital of $100 million from the bank itself.
MONY invests in short-term debt instruments, accrues interest daily, and allows investors to redeem shares for cash or the stablecoin USDC. The fund is available to qualified investors with a minimum investment of $1 million and operates on the Kinexys Digital Assets platform of the bank.
This is JPMorgan's step towards the integration of traditional finance with blockchain, providing faster settlements, transparency, and 24/7 access. The bank joins BlackRock, Franklin Templeton, and other giants that are already tokenizing assets. The market for tokenized money market funds grew to $8.6 billion in 2025.
This confirms the mass adoption of RWA (Real World Assets) by institutions.
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