JPMorgan Chase has formally launched its first tokenized cash market fund on the Ethereum blockchain, marking a vital transfer by the financial institution into the quickly rising sector of tokenized RWAs (real-world assets).
The fund, named My OnChain Web Yield Fund (MONY), was introduced by J.P. Morgan Asset Administration on December 15 and is backed by $100 million in seed capital from the financial institution. MONY is now open to certified buyers, that are people with no less than $5 million and establishments with a minimal of $25 million in investable belongings, and requires a $1 million minimal funding.
JPMorgan introduced that they may launch a new tokenized money-market fund on Ethereum!
The fund can be seeded with $100 million of JPMorgan’s personal capital after which it is going to be opened to certified outdoors buyers on Tuesday.
The way forward for finance is being constructed on Ethereum.
— sassal.eth/acc 🦇🔊 (@sassal0x) December 15, 2025
Tokenization meets conventional finance
Constructed on JPMorgan’s in-house Kinexys Digital Belongings platform, MONY invests in conventional short-term debt devices akin to U.S. Treasury securities and repurchase agreements absolutely collateralized by Treasuries. The fund mirrors conventional cash market automobiles in offering day by day yield accruals and dividend reinvestment, whereas including blockchain-native options like real-time possession visibility, sooner settlement, and peer-to-peer token transferability.
Buyers can subscribe and redeem fund shares utilizing both fiat foreign money or Circle’s USDC stablecoin, by way of JPMorgan’s Morgan Money platform. Morgan Money is now the primary institutional liquidity buying and selling platform to help each conventional and on-chain belongings.
Institutional momentum in tokenized belongings
The launch of MONY locations JPMorgan amongst a rising cohort of economic giants pushing deeper into blockchain-based finance. The financial institution follows BlackRock’s BUIDL fund, now holding over $2 billion in belongings, and Franklin Templeton’s BENJI fund, which debuted in 2021. In accordance to information from RWA.xyz, the tokenized RWA house has expanded from $3.9 billion to $18.3 billion over the previous yr. Merchandise investing in U.S. treasuries have the biggest share of the tokenized RWA market, with $8.5 billion.
Development of complete tokenized RWA worth. Supply. RWA.xyz
JPMorgan’s Head of International Liquidity, John Donohue, highlighted the rising demand from shoppers:
“There’s a huge quantity of curiosity from shoppers round tokenization. We count on to be a chief on this house and work with shoppers to guarantee our product lineup displays the identical selections out there in conventional markets.”
The transfer comes as U.S. regulators have began to make clear the authorized framework round digital belongings, together with the GENIUS Act for stablecoins and the Readability Act for blockchain-based monetary merchandise. This evolving regulatory atmosphere has inspired conventional monetary corporations to discover tokenization of funds, securities, and different real-world belongings extra aggressively.
JPMorgan CEO of Asset Administration, George Gatch, emphasised the strategic significance of the launch:
“Lively administration and innovation are on the coronary heart of how we ship new options. By harnessing blockchain expertise, we’re providing shoppers superior and cost-effective capabilities to obtain their funding objectives.”
