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JPMorgan Enters the Tokenized Money Market Fund Arena With $100M Ethereum Play

MarketDash Editorial Team
6 hours ago
JPMorgan Chase launches its first tokenized money-market fund on Ethereum with $100 million in capital, joining BlackRock and Goldman Sachs in the race to bring traditional finance on-chain through blockchain infrastructure.

JPMorgan Chase & Co. (JPM) is officially entering the tokenized fund game. The Wall Street giant just launched its first tokenized money-market fund on the Ethereum (ETH) blockchain, marking another major step in traditional finance's ongoing march toward on-chain infrastructure.

Meet MONY: JPMorgan's On-Chain Money Fund

JPMorgan's asset-management division is rolling out what it's calling the My OnChain Net Yield Fund, or MONY for short, according to a Wall Street Journal report. The private fund runs entirely on Ethereum and comes seeded with $100 million of JPMorgan's own capital, which tells you the bank is serious about this.

The fund will be available through JPMorgan's Kinexys Digital Assets platform and targets qualified investors—think individuals with at least $5 million in investable assets or institutions managing a minimum of $25 million. The minimum investment for the fund itself sits at $1 million, so this isn't exactly for casual retail participants.

Investors who buy in will receive digital tokens deposited directly into crypto wallets. They can subscribe or redeem their shares using either traditional cash or USDC, bridging the gap between legacy finance and crypto-native infrastructure.

Wall Street's Tokenization Wave Picks Up Speed

JPMorgan's launch comes as Wall Street accelerates its experimentation with blockchain-based financial products. Regulatory clarity that emerged earlier this year gave firms more confidence to move forward with tokenization initiatives, and the momentum has been building ever since.

Financial institutions are increasingly exploring blockchain infrastructure to modernize settlement processes, improve collateral usage, and provide easier access to yield-bearing instruments. JPMorgan executives say client demand is accelerating fast, with institutional investors actively seeking blockchain-native alternatives to traditional money-market products.

This isn't JPMorgan's first rodeo with tokenization, either. The bank recently tokenized a private-equity fund on its blockchain platform for wealthy clients served by its private bank, signaling that blockchain infrastructure is becoming a core component of its long-term capital markets strategy rather than just a side experiment.

Why Tokenized Money Funds Actually Matter

Here's the thing about tokenized money-market funds: they solve a real problem. These funds allow investors to earn yield while keeping their assets entirely on-chain, which addresses a long-standing pain point where stablecoin holdings typically didn't pass interest income through to holders. You held stable value, but you didn't earn anything on it.

For asset managers, tokenization offers operational efficiency, faster settlement times, and potential integration with crypto trading venues where tokenized funds can be used as collateral. That last part is important—it means your money-market position can do double duty without leaving the blockchain.

The structure also opens doors to attracting capital from digital-asset native investors who have historically stayed outside traditional fund vehicles. Earlier this year, platforms including Robinhood Markets Inc. (HOOD), Kraken, and Gemini (GEMI) launched tokenized stocks and exchange-traded funds for non-U.S. investors, showing there's appetite for bringing more traditional products on-chain.

Joining BlackRock and Goldman in the Tokenization Race

JPMorgan's entry places it squarely alongside major peers who are also expanding aggressively into tokenization. BlackRock (BLK) currently operates the largest tokenized money-market fund in the market today, giving it a first-mover advantage in terms of scale.

Goldman Sachs (GS) has announced plans to tokenize fund ownership for institutional clients, pursuing a similar strategy. BNY (BK) is also moving forward with initiatives focused on custody and fund infrastructure, recognizing that the tokenization trend isn't going away.

What's clear is that tokenization is no longer an experimental corner of Wall Street. The biggest names in finance are committing serious capital and building out the infrastructure to support blockchain-based products. JPMorgan's $100 million seed investment in MONY underscores that commitment.

JPM Stock Holds Strong Near Record Highs

From a technical perspective, JPMorgan (JPM) shares are consolidating near record levels after a steady multi-month rally. The stock remains inside a rising price channel that has guided price action higher since the spring, reflecting consistent buyer interest.

The 20-day EMA sits near $310, followed by the 50-day EMA around $307 and the 100-day EMA near $301. The 200-day EMA near $285 remains well below current price, confirming the longer-term uptrend. This alignment—with the 20-day EMA above the 50-day, followed by the 100-day and 200-day—reflects a bullish trend structure that technical traders typically look for.

The recent pullback toward the $300–$305 zone was quickly absorbed, turning that area into near-term support. Resistance remains clustered between $320 and $325, where price has stalled several times without sharp rejection. This suggests supply is being absorbed rather than aggressively sold, which is constructive for bulls looking for continuation.

As JPMorgan continues to innovate in both traditional and blockchain-based finance, the stock's technical setup suggests investors remain confident in the bank's strategic direction.

Back to News

JPMorgan Enters the Tokenized Money Market Fund Arena With $100M Ethereum Play

MarketDash Editorial Team
6 hours ago
JPMorgan Chase launches its first tokenized money-market fund on Ethereum with $100 million in capital, joining BlackRock and Goldman Sachs in the race to bring traditional finance on-chain through blockchain infrastructure.

JPMorgan Chase & Co. (JPM) is officially entering the tokenized fund game. The Wall Street giant just launched its first tokenized money-market fund on the Ethereum (ETH) blockchain, marking another major step in traditional finance's ongoing march toward on-chain infrastructure.

Meet MONY: JPMorgan's On-Chain Money Fund

JPMorgan's asset-management division is rolling out what it's calling the My OnChain Net Yield Fund, or MONY for short, according to a Wall Street Journal report. The private fund runs entirely on Ethereum and comes seeded with $100 million of JPMorgan's own capital, which tells you the bank is serious about this.

The fund will be available through JPMorgan's Kinexys Digital Assets platform and targets qualified investors—think individuals with at least $5 million in investable assets or institutions managing a minimum of $25 million. The minimum investment for the fund itself sits at $1 million, so this isn't exactly for casual retail participants.

Investors who buy in will receive digital tokens deposited directly into crypto wallets. They can subscribe or redeem their shares using either traditional cash or USDC, bridging the gap between legacy finance and crypto-native infrastructure.

Wall Street's Tokenization Wave Picks Up Speed

JPMorgan's launch comes as Wall Street accelerates its experimentation with blockchain-based financial products. Regulatory clarity that emerged earlier this year gave firms more confidence to move forward with tokenization initiatives, and the momentum has been building ever since.

Financial institutions are increasingly exploring blockchain infrastructure to modernize settlement processes, improve collateral usage, and provide easier access to yield-bearing instruments. JPMorgan executives say client demand is accelerating fast, with institutional investors actively seeking blockchain-native alternatives to traditional money-market products.

This isn't JPMorgan's first rodeo with tokenization, either. The bank recently tokenized a private-equity fund on its blockchain platform for wealthy clients served by its private bank, signaling that blockchain infrastructure is becoming a core component of its long-term capital markets strategy rather than just a side experiment.

Why Tokenized Money Funds Actually Matter

Here's the thing about tokenized money-market funds: they solve a real problem. These funds allow investors to earn yield while keeping their assets entirely on-chain, which addresses a long-standing pain point where stablecoin holdings typically didn't pass interest income through to holders. You held stable value, but you didn't earn anything on it.

For asset managers, tokenization offers operational efficiency, faster settlement times, and potential integration with crypto trading venues where tokenized funds can be used as collateral. That last part is important—it means your money-market position can do double duty without leaving the blockchain.

The structure also opens doors to attracting capital from digital-asset native investors who have historically stayed outside traditional fund vehicles. Earlier this year, platforms including Robinhood Markets Inc. (HOOD), Kraken, and Gemini (GEMI) launched tokenized stocks and exchange-traded funds for non-U.S. investors, showing there's appetite for bringing more traditional products on-chain.

Joining BlackRock and Goldman in the Tokenization Race

JPMorgan's entry places it squarely alongside major peers who are also expanding aggressively into tokenization. BlackRock (BLK) currently operates the largest tokenized money-market fund in the market today, giving it a first-mover advantage in terms of scale.

Goldman Sachs (GS) has announced plans to tokenize fund ownership for institutional clients, pursuing a similar strategy. BNY (BK) is also moving forward with initiatives focused on custody and fund infrastructure, recognizing that the tokenization trend isn't going away.

What's clear is that tokenization is no longer an experimental corner of Wall Street. The biggest names in finance are committing serious capital and building out the infrastructure to support blockchain-based products. JPMorgan's $100 million seed investment in MONY underscores that commitment.

JPM Stock Holds Strong Near Record Highs

From a technical perspective, JPMorgan (JPM) shares are consolidating near record levels after a steady multi-month rally. The stock remains inside a rising price channel that has guided price action higher since the spring, reflecting consistent buyer interest.

The 20-day EMA sits near $310, followed by the 50-day EMA around $307 and the 100-day EMA near $301. The 200-day EMA near $285 remains well below current price, confirming the longer-term uptrend. This alignment—with the 20-day EMA above the 50-day, followed by the 100-day and 200-day—reflects a bullish trend structure that technical traders typically look for.

The recent pullback toward the $300–$305 zone was quickly absorbed, turning that area into near-term support. Resistance remains clustered between $320 and $325, where price has stalled several times without sharp rejection. This suggests supply is being absorbed rather than aggressively sold, which is constructive for bulls looking for continuation.

As JPMorgan continues to innovate in both traditional and blockchain-based finance, the stock's technical setup suggests investors remain confident in the bank's strategic direction.