Core Insights - J.P. Morgan Asset Management has launched its first tokenized money market fund, My OnChain Net Yield Fund (MONY), available on the public Ethereum blockchain, allowing qualified investors to earn U.S. dollar yields [1][2] - MONY exclusively invests in traditional U.S. Treasury securities and fully collateralized repurchase agreements, providing a secure yield for investors [2] - The fund's tokenization enhances transparency, peer-to-peer transferability, and broader collateral usage within the blockchain ecosystem [2] Company Overview - J.P. Morgan Asset Management manages $4 trillion in assets as of September 30, 2025, serving a diverse clientele including institutions and high net worth individuals globally [5] - The firm is a leader in various investment management sectors, including equities, fixed income, real estate, hedge funds, private equity, and liquidity [5] - JPMorgan Chase & Co. had $4.6 trillion in assets and $360 billion in stockholders' equity as of September 30, 2025, positioning itself as a leading financial services firm [6] Platform Features - Morgan Money is J.P. Morgan Asset Management's institutional investing platform, designed for operational efficiency and seamless customer experience [7] - The platform allows clients to view aggregated account information, conduct risk analysis, model trades, and compare investment options [8] - It integrates traditional and on-chain assets, providing a comprehensive range of money market products for investors [1][2]

Core Insights - Artificial intelligence (AI) is recognized as the most significant technological disruption since the Internet, fundamentally altering work, creativity, and decision-making processes [1] - Major U.S. banks, including JPMorgan, Citigroup, Bank of America, and Wells Fargo, are investing billions in AI to enhance productivity and adapt to evolving client needs [1] AI Integration in Banking - AI is moving from pilot projects to being integrated into daily banking operations, viewed as a productivity and headcount lever by executives [2] - Banks are leveraging AI as a force multiplier to improve operational efficiency, accelerate software development, and enhance client service, leading to higher output per employee [3] JPMorgan's AI Initiatives - JPMorgan has reported a productivity increase from approximately 3% to 6% due to AI, with operations specialists seeing potential productivity gains of 40% to 50% as tasks become more automated [4] - The bank maintains a substantial technology budget of around $18 billion annually, with a $2 billion investment in AI aimed at achieving measurable returns on investment [5] Citigroup's AI Strategy - Citigroup is scaling internal generative AI tools to enhance developer productivity, freeing up about 100,000 developer hours weekly, with 180,000 employees accessing these tools [6] - The bank has an annual technology budget of approximately $12 billion, indicating strong organizational support for AI integration across functions [7] Bank of America's AI Spending - Bank of America has committed $4 billion of its roughly $13 billion technology budget to AI, linking this investment to tangible productivity improvements in both frontline and tech teams [8] - The bank's AI initiatives, including the virtual assistant Erica, are designed to handle high-volume service interactions, allowing human employees to focus on more complex tasks [9] Wells Fargo and PNC Financial's Approach - Wells Fargo and PNC Financial are also focusing on AI to enhance efficiency, with Wells Fargo indicating a potential decline in headcount as a result of automation [10] - PNC Financial's CEO has suggested that AI will accelerate existing automation efforts, potentially stabilizing headcount while scaling the business over the next decade [12] Overall Efficiency Gains from AI - The transition to AI-driven productivity is expected to yield sustainable expense leverage, with early evidence showing improvements in operations, software development, and client support [13] - The long-term success of AI integration will depend on the ability to embed it into everyday decisions and workflows while maintaining regulatory compliance [14]

Is Tom Lee's price prediction backed up by JP Morgan's Ethereum launch? Key Takeaways The amount of Bitcoin needed to retire varies widely by location. The independent researcher provided a bullish outlook for Bitcoin. Market outlook remains divided. JPMorgan Chase’s latest move into blockchain-based finance is adding fresh institutional weight to Ethereum, as it launches its first tokenized money fund. The development comes as Fundstrat’s Tom Lee says Ethereum could be poised for a major price m ...

JPMorgan Chase & Co. (NYSE:JPM) has launched its first tokenized money-market fund on Ethereum (CRYPTO: ETH) , marking a significant step in Wall Street's push toward on-chain finance.JPMorgan Launches Tokenized Money FundJPMorgan's asset-management arm is rolling out its first tokenized money-market fund, branded My OnChain Net Yield Fund, or MONY, the Wall Street Journal reported on Monday. The private fund will run on the Ethereum blockchain and is seeded with $100 million of JPMorgan's own capital.The b ...

JPMorgan Chase’s $4 trillion asset-management division is launching its first tokenized money-market fund on the Ethereum blockchain, according to a Wall Street Journal report. The bank will initially seed the vehicle with $100 million of its own capital before opening it to external investors from Tuesday. JPMorgan Brings Money Markets Onchain According to the WSJ report the private fund, called the My OnChain Net Yield Fund — or “MONY” — is built on JPMorgan’s in-house tokenization platform, Kinexys ...

Core Insights - JPMorgan Chase is launching its first tokenized money market fund, named My OnChain Net Yield Fund (MONY), on the Ethereum blockchain, marking a significant step into blockchain-based finance for the bank [1][2] - The fund is seeded with $100 million and will be available to external qualified investors, indicating a growing interest in tokenized financial products [2] Group 1: Market Context - JPMorgan joins other financial giants like Franklin Templeton and BlackRock in launching tokenized funds, with money-market funds leading the trend [3] - The asset class for tokenized money market funds has increased from $3 billion to $9 billion within a year, showcasing rapid growth in this sector [5] Group 2: Fund Features - MONY will hold short-term debt instruments and pay interest daily, similar to traditional money market funds, with the option for investors to redeem shares using cash or Circle's USDC stablecoin [8] - The fund requires a minimum investment of $1 million, targeting qualified investors [8] Group 3: Technological and Strategic Implications - JPMorgan's MONY is built on the bank's in-house tokenization platform, Kinexys Digital Assets, which may serve as a test case for future on-chain offerings [6] - The head of global liquidity at JPMorgan Asset Management emphasized that tokenization can enhance transaction speed and efficiency, indicating a shift in how financial products may be transacted in the future [7]

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: JPMorgan Chase was taken to task by the national advertising arm of the non-profit organization BBB National Programs, which said earlier this month that the bank engaged in “puffery” when it advertised that the Chase Sapphire Reserve premium card was the “most rewarding” in the market. The card advertising from JPMorgan Chase, the largest U.S. bank, ...

Group 1: JPMorgan Chase & Co. (JPM) - JPMorgan Chase is launching a tokenized money market fund on Ethereum, backed by $100 million of its own capital, marking a significant step in institutional digital asset adoption [2][7] - The initiative utilizes the bank's private blockchain platform, Kinexys Fund Flow, to tokenize private funds for wealthy clients, with plans for a broader rollout next year [2][7] Group 2: Airbus SE (AIR) - Airbus announced that Germany has exercised an option for 20 additional H145M light combat helicopters, increasing the total order to 82 aircraft, valued at nearly $1.2 billion (€1 billion) [3][7] - Deliveries of the helicopters are scheduled between 2027 and 2029, designated for various missions including training, reconnaissance, and light attack [3][7] Group 3: Economic Data - Canada's existing home sales decreased by 0.6% month-over-month in November, following a 0.9% increase in October, while the national average home price was down 1.1% year-over-year [4][7] - The Eurozone's industrial production rose by 0.8% month-over-month and 2.0% year-over-year in October, surpassing expectations [4][7] Group 4: U.S. and EU Relations - The U.S. is urging the European Union to exempt U.S. oil and gas from its methane emissions law until 2035, seeking to avoid potential penalties [5][7] Group 5: China's Ministry of Commerce - China's Ministry of Commerce has introduced 13 measures aimed at boosting the service outsourcing sector, designed to enhance services exports and promote high-quality development in trade [5][7]

Industry Trend - JPMorgan, with $4 trillion in assets, is launching its first tokenized money market fund on Ethereum [1]

Exclusive: JPMorgan Chase is joining the list of traditional financial firms seeking to bring blockchain technology to an investing staple: the money-market fund. ...