JP Morgan continues its crypto adventure. The bank JPMorgan Chase is one of the first banks to have explored cryptocurrencies and blockchains. Thus, as early as 2019, the banking multinational unveiled its in-house stablecoin, the JPM Coin, which has since expanded and evolved into 'JPMD' in the year 2025. Now, the banking multinational is fully committing to the RWA tokenization of real-world assets and has just announced the launch of a tokenized monetary fund, 'MONY', on the Ethereum (ETH) blockchain network.
Key points of this article:
JP Morgan has launched a tokenized money market fund named « MONY » on the Ethereum blockchain network.
This launch represents a world first for a globally systemically important bank, reinforcing the integration between traditional finance and cryptocurrencies.
JPMorgan launches « MONY », a tokenized money market fund on Ethereum
On Monday, December 15, 2025, the asset management division of the major bank JP Morgan announced, via a press release, the launch of its first tokenized money market fund, titled « My OnChain Net Yield Fund », or MONY.
Now available on the public blockchain network of Ethereum, this fund is based on Kinexys Digital Assets, the asset tokenization solution from J.P. Morgan Asset Management, unveiled earlier this year.
This MONY fund on the ETH network offers qualified investors the opportunity to earn returns in US dollars. It can be subscribed via Morgan Money, the trading and liquidity management platform of the large American banking group.
A world first that once again proves the ongoing TradFi/crypto merger
According to the press release from JP Morgan, this is the first tokenized money market fund launched on a public blockchain by a globally systemically important bank, or GSIB.
In practice, the tokenization of this fund on Ethereum allows for increased transparency, peer-to-peer transferability, as well as the possibility of a wider use of collateral within the blockchain ecosystem.
« We are delighted to be the first to launch MONY, and we hope that other GSIB banks will follow our example by offering their clients more options to invest in money market funds. (…) With Morgan Money, tokenization can fundamentally change the speed and efficiency of transactions, adding new features to traditional products. (…) »
John Donohue, Global Liquidity Head for J.P. Morgan Asset Management
This tokenized MONY money market fund is announced just days after JPMorgan orchestrated the tokenization of a commercial paper on the Solana blockchain network, with Galaxy Digital, Coinbase, and Franklin Templeton. The largest in the United States seems more than ever eager to follow the lead of asset management titan BlackRock in exploiting RWA tokenization on blockchains.
