Welcome to US Crypto News Morning Briefing – your essential overview of the most important events in the crypto world for the day.
Grab your coffee, for Wall Street has just sent yet another signal that the future of crypto is becoming increasingly institutional. After JPMorgan moves a key financial product onto the blockchain, market observers are wondering whether this is just experimentation or the beginning of a deeper shift towards Ethereum as economic infrastructure.
Crypto news today: JPMorgan takes money markets on blockchain with Ethereum-based fund
JPMorgan Chase has taken yet another crucial step into blockchain-based finance, launching its first tokenized money market fund on the Ethereum network.
According to reports from WSJ, the banking giant's $4 trillion asset management unit has launched My OnChain Net Yield Fund, or MONY. This is a private money market fund established on the Ethereum blockchain and supported by JPMorgan's tokenization platform, Kinexys Digital Assets.
The bank will fund the fund with $100 million of its own resources before it opens to external investors, signaling strong internal confidence in tokenized financial products.
MONY is only structured for institutional and wealthy investors. It is open to qualified investors, including individuals with at least $5 million in investable capital and institutions with a minimum of $25 million, as well as a minimum investment of $1 million.
Investors receive digital tokens representing their shares in the fund, allowing exposure to traditional money market instruments to be transferred to the blockchain while preserving familiar return structures.
According to the report, it is client demand that is the driving force behind the launch, according to leaders at JPMorgan.
"There is enormous interest from clients around tokenization," the report states, quoting John Donohue, head of global liquidity at JPMorgan Asset Management.
He added that the firm expects to be a leading player in this market by offering blockchain-based alternatives to traditional money market products.
The launch comes amid increasing momentum for tokenized assets on Wall Street, following the adoption of the GENIUS Act earlier this year.
The legislation established an American regulatory framework for stablecoins and is broadly viewed as a catalyst for more extensive tokenization initiatives within funds, bonds, and real assets.
Since then, major financial institutions have quickly begun exploring blockchain as market infrastructure, not just as an experiment on the periphery.
For Ethereum, JPMorgan's decision to launch MONY on the network is interpreted as significant institutional recognition. Fundstrat co-founder Tom Lee reacted to the news by calling it "bullish for ETH."
This comment highlights how products like MONY expand Ethereum's real utility through increased transaction activity, smart contracts, and deeper integration into global finance.
Crypto commentators share this view, with some believing that Ethereum's role as a settlement network for regulated financial products is becoming increasingly hard to overlook.
JPMorgan vs. BlackRock: Tokenized money market funds mark a new era in finance
JPMorgan's move is also highlighted in comparison to BlackRock's tokenized money market fund, BUIDL, which has grown to about $1.83 billion in managed assets according to public blockchain data.
Similar to MONY, BUIDL invests in short-term U.S. Treasury bonds, repurchase agreements, and cash equivalents. In contrast, it has a multi-chain strategy and is managed through a different tokenization partner.
Together, the two funds demonstrate how traditional financial institutions (TradFi) are approaching blockchains to modernize low-risk yield products.
Analysts broadly see tokenization as a tool for traditional money market funds to remain competitive against stablecoins while also unlocking new use cases such as blockchain settlement, programmability, and increased transferability.
JPMorgan has previously tested tokenized deposits, private equity funds, and institutional payment tokens, indicating that MONY is part of a long-term strategy and not just a standalone pilot project.
As regulatory clarity increases and institutional players ramp up their entry, JPMorgan's Ethereum-based fund reinforces the narrative that blockchain, once seen as niche, is gradually becoming an integral part of the modern finance operating system.
For Ethereum, this shift could prove to be one of the most significant signals to date.
Today's chart
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A critical XRP price level emerges — Holding it could trigger a 9% rise.
Top 3 price predictions: Bitcoin, gold, and silver point to a high-stakes crossroads.
What does the difference between stock and crypto investors mean for the future?
Base founder Jesse Pollak faces criticism after supporting Soulja Boy-related meme coin.
Is Bitcoin losing whale support? Historically, the price may still rise.
Yuan at a 14-month high as Fed-BOJ-PBOC disagree — impact on crypto.
Coinbase CLO Paul Grewal: NYT's SEC crypto news admits no irregularities — So why the headline?
Crypto stocks pre-market overview
Company At closing time December 12 Overview before the market opened Strategy (MSTR) $176.45 $176.75 (+0.17%) Coinbase (COIN) $267.46 $268.40 (+0.35%) Galaxy Digital Holdings (GLXY) $26.75 $26.75 (0.00%) MARA Holdings (MARA) $11.52 $11.56 (+0.35%) Riot Platforms (RIOT) $15.30 $15.31 (+0.065%) Core Scientific (CORZ) $16.53 $16.65 (+0.73%)
Crypto stock market at opening: Google Finance
