JP Morgan continues its crypto adventure. The bank JPMorgan Chase is one of the first banks to explore cryptocurrencies and blockchains. Thus, from 2019, the banking multinational revealed its in-house stablecoin, the JPM Coinwhich has also expanded and evolved into “ JPMD » in this year 2025. From now on, the multinational banking company is fully launching into tokenisation RWA real-world assets, and has just announced the launch of a tokenized monetary fund« MONY », on the blockchain network ofEthereum (ETH).
The key points of this article:
JP Morgan has launched a tokenized money fund named “MONY” on the Ethereum blockchain network. This launch represents a world first for a globally systemically important bank, strengthening the integration between traditional finance and cryptocurrencies.
JPMorgan launches “MONY”, a tokenized monetary fund on Ethereum
This Monday, December 15, 2025, the asset management branch of the major bank JP Morgan announced, via a press release, the launch of its first tokenized monetary fundtitled » My OnChain Net Yield Fund », or MONY. Now available on the public blockchain networkEthereumthis fund is based on Kinexys Digital Assetsthe asset tokenization solution from JP 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 Moneythe trading and liquidity management platform of the large American banking group.
A world first which once again proves the TradFi/crypto merger in progress
According to the JP Morgan press release, this is the premier tokenized monetary fund launched on a public blockchain by a global systemically important bankor GSIB (global systemically important bank). In practice, the tokenization of this fund on Ethereum allows increased transparencya peer-to-peer transferability as well as the possibility of broader 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 lead in offering their customers more options for investing 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, head of global liquidity for JP Morgan Asset Management
This MONY tokenized monetary fund is announced just days after JPMorgan orchestrated the tokenization of a commercial paper on the Solana blockchain networkwith Galaxy Digital, Coinbase and Franklin Templeton. The largest in the United States seems more than ever to want to follow in the footsteps of the titan of asset management BlackRock in the exploitation of the tokenisation RWA on blockchains.