Why Jpmorgan’s Onchain Fund Is A Big Signal For Ethereum 2025

JPMorgan has launched a tokenized money market fund on Ethereum, highlighting how regulated cash products may integrate into onchain settlement and collateral workflows.

JPMorgan tokenized a money market fund and launched it on the Ethereum mainnet.

The fund holds US Treasurys and Treasury-backed repos, with daily dividend reinvestment.

Public Ethereum places MONY alongside stablecoins, tokenized treasuries and existing onchain liquidity.

Now the focus shifts to collateral use, secondary transfers and whether other major banks follow.

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.

The decision to use Ethereum as the settlement layer makes the launch even more notable.

Did you know? A Treasury-collateralized repo is essentially a short-term, secured loan. One party provides cash, the other posts US Treasurys as collateral, and both agree to reverse the trade later at a slightly higher price. The difference between the two prices represents the interest.

Source: CoinTelegraph