Wall Street just sent one of the clearest signals yet that blockchain is becoming core financial infrastructure.
JPMorgan has launched its first tokenized money market fund, MONY, built directly on Ethereum. The fund is seeded with $100M of JPMorgan’s own capital and targets institutional and high-net-worth investors, offering tokenized exposure to traditional money market yields.
This isn’t an experiment. JPMorgan’s asset management arm ($4T AUM) says client demand is driving tokenization, with plans to lead in blockchain-based financial products.
Fundstrat’s Tom Lee reacted simply: “Bullish for ETH.”
Why it matters:
• Ethereum is becoming the settlement layer for regulated finance
• Tokenized funds bring real transaction volume, not speculation
• TradFi is moving beyond pilots into production-scale deployments
With BlackRock’s BUIDL fund already at ~$1.8B AUM, tokenized money markets are quickly becoming a new standard — competing directly with stablecoins while offering programmability and on-chain settlement.
As regulation improves and institutions commit capital, Ethereum’s role as financial infrastructure is getting harder to ignore.
This isn’t crypto chasing Wall Street anymore.
It’s Wall Street building on crypto.
#Ethereum #RWA #TradFiMeetsDeFi #USCryptoNews
