Why JPMorgan’s onchain fund is a big signal for Ethereum
JPMorgan has
#launched a tokenized money market fund on
#Ethereum , highlighting how regulated cash products may integrate into onchain settlement and collateral workflows.
#JPMorgan Asset Management has placed a very traditional product on the Ethereum blockchain: a tokenized money market fund called the My OnChain Net Yield Fund (MONY).
It launched on Dec. 15, 2025, and runs on the bank’s
#Kinexys Digital Assets platform. Investors access the fund through Morgan Money, with ownership interests issued as blockchain tokens delivered directly to their onchain addresses.
This is significant because money market funds are a common vehicle institutions use to park short-term cash. They are built for liquidity and steady yield and are typically backed by plain-vanilla assets.
MONY fits that profile exactly. It invests in US
#Treasurys and Treasury-collateralized repos, offers daily dividend reinvestment and allows qualified investors to subscribe and redeem using cash or stablecoins. JPMorgan has also said it is seeding the fund internally before opening it more broadly.
The decision to use Ethereum as the settlement layer makes the launch even more notable.