Ethereum Meets Wall Street: JPMorgan Rolls Out Tokenized Fund

Christian Encila

Last Updated: December 16, 2025 7:00 am

2 mins read

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JPMorgan Asset Management has introduced a tokenized money-market fund built on the Ethereum blockchain, according to company filings and industry reports.

The fund, called My OnChain Net Yield Fund (MONY), issues shares as digital tokens that live on the public Ethereum network and are aimed at qualified investors through the bank’s Morgan Money platform.

JPMorgan Issues Tokenized Fund On Ethereum

Based on reports, MONY holds familiar, low-risk instruments such as US Treasury securities and repurchase agreements fully backed by Treasuries.

The bank says the token shares represent direct ownership of the fund and can be held at blockchain addresses, opening up on-chain settlement and recordkeeping for a product that normally sits in traditional custody systems.

Seeded With $100 Million

Reports have disclosed that JPMorgan seeded MONY with $100 million of its own capital at launch. The move is meant to kickstart liquidity and show institutional seriousness about putting cash management products on-chain.

The tokenization work is being handled by internal teams tied to JPMorgan’s digital-assets efforts, and the bank has been testing ways to move conventional securities into token form for several years.

ETHUSD now trading at $3,002. Chart: TradingView

How The Tokens Work And Who Can Use Them

Investors receive tokenized fund shares that may be transferred or recorded on Ethereum. Based on reports, access is limited: the fund is offered only to qualified clients via Morgan Money, not to the general retail public.

The token structure mirrors traditional fund economics — holders are exposed to the same short-term instruments that underpin money-market products — but the record of ownership is stored on a public ledger.

Qualified Investors And Access

According to coverage, institutional clients with asset levels above $25 million and accredited individuals with at least $5 million are among those eligible, and the minimum initial investment sits at roughly $1 million.

That narrow access aligns with regulatory guardrails for tokenized securities and with the bank’s goal of serving big, sophisticated cash managers first.

Analysts say the launch is part of a broader push by big asset managers to experiment with tokenized share classes and on-chain settlement.

Other firms have run pilots with similar ideas, and some have already put cash-like products on Ethereum. Based on reports, the move points to an industry desire to test whether blockchain can speed up settlement, increase transparency, or create new on-chain liquidity for institutional cash flows.

Featured image from Unsplash, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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