Core Viewpoint - JPMorgan Chase & Co. continues to expand its blockchain initiatives while CEO Jamie Dimon maintains a skeptical view of Bitcoin, emphasizing its lack of intrinsic value and associating it with illicit activities [1][2]. Group 1: Dimon's Stance on Bitcoin - In 2025, Dimon reiterated his skepticism towards Bitcoin, stating it has no intrinsic value and linking it to negative activities such as sex trafficking and money laundering [2]. - Dimon compared Bitcoin ownership to smoking, indicating that while JPMorgan allows clients to buy digital assets, the bank will not provide custody services for them [2][4]. Group 2: JPMorgan's Blockchain Initiatives - JPMorgan executed an aggressive blockchain expansion strategy, launching the My OnChain Net Yield Fund (MONY) with an initial investment of $100 million, marking its first tokenized money-market fund on the Ethereum blockchain [3]. - The bank is considering offering cryptocurrency trading services to institutional clients, including spot and derivatives, a significant shift from previous policies [4]. Group 3: Institutional Buildout and Market Trends - Throughout 2025, JPMorgan accelerated its institutional buildout, announcing plans to allow Bitcoin and Ethereum as collateral for secured loans and launching JPM Coin for instant money transfers on Coinbase's Base blockchain [5]. - The tokenized treasury market reached approximately $7.3 billion in 2025, reflecting a 256% year-over-year increase, with BlackRock's BUIDL fund leading the space with around $1.8 billion in assets [6]. Group 4: Evolving Views on Blockchain - Despite his criticism of Bitcoin, Dimon's perspective on blockchain technology has softened, acknowledging its legitimacy and potential for widespread adoption [7]. - Dimon differentiates between Bitcoin, which he considers speculative, and blockchain infrastructure, which he views as transformative for institutional finance [8].

JPMorgan Chase & Co.'s asset management arm is launching its first ever tokenized money market fund built on Ethereum, joining a growing list of Wall Street firms pushing into blockchain-based finance.Processing ContentThe New-York based bank on Monday debuted the My OnChain Net Yield Fund, or MONY, a private fund supported by JPMorgan's tokenization platform, Kinexys Digital Assets, according to a press release. MONY, open to qualified investors, allows them to earn yield while holding the token on the blo ...

Core Viewpoint - JPMorgan Chase is expanding its involvement in cryptocurrency by launching a tokenized money-market fund on the Ethereum network, despite past criticisms from CEO Jamie Dimon regarding cryptocurrencies [1][8]. Group 1: Fund Details - The new fund, named My OnChain Net Yield Fund (MONY), will initially be funded with $100 million from JPMorgan and will open to outside investors with a minimum investment requirement of $1 million for individuals and $25 million for institutions [2][1]. - The fund operates similarly to traditional money-market funds, investing in short-term debts and providing slightly higher interest than standard bank accounts [3]. Group 2: Tokenization and Blockchain - The fund's assets will be tokenized, meaning they will be converted into digital tokens on a blockchain, allowing for decentralized management without a central authority [3]. - Investors can access the fund through JPMorgan's online portal and receive digital tokens in their crypto wallets, with the option to invest using cash or USDC, a stablecoin pegged to the US dollar [4]. Group 3: Market Context and Trends - The launch follows the passage of the Genius Act, which established regulations for stablecoins and has led to increased tokenization across various asset classes [5]. - The total assets in money-market funds have risen to approximately $7.7 trillion, up from $6.9 trillion at the beginning of 2025, indicating growing popularity in this investment vehicle [8]. - The market for stablecoins has surpassed $300 billion, highlighting significant interest in tokenized funds that offer yields while remaining on the blockchain [9]. Group 4: Strategic Shift - JPMorgan's move reflects a strategic shift towards embracing digital assets, despite Dimon's previous skepticism about cryptocurrencies, as the bank aims to lead in the tokenization space [11][8]. - Other financial institutions, such as BlackRock and Goldman Sachs, are also engaging in similar tokenization efforts, indicating a broader trend within the industry [14].

JPMorgan launches its first Ethereum-based tokenized money market fund, MONY, as Tom Lee calls the move bullish for ETH. Photo by BeInCrypto Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee, because Wall Street has just sent another signal that crypto’s future is becoming increasingly institutional. As JPMorgan moves a core financial product on-chain, market watchers are wondering whether this is merely expe ...

Popular investment banking giant JPMorgan Chase has moved further into the crypto ecosystem with a tokenized market fund. This is in a bid to bring blockchain technology to an investing staple, which is the money-market fund. JPMorgan Plans to Open Fund to the Public With up to $4 trillion in Assets Under Management (AuM), JPMorgan is utilizing the Ethereum (ETH) blockchain to roll out its first tokenized money-market fund. According to a Wall Street Journal (WSJ) report, it plans to start with a $100 m ...

Core Insights - JPMorgan Chase is launching an Ethereum-based tokenized money-market fund named My OnChain Net Yield Fund (MONY) with an initial capital of $100 million, targeting qualified investors with a minimum investment of $1 million [1][2] - The fund will be accessible to individuals with at least $5 million in assets and institutions with $25 million or more, available on the Morgan Money platform [1][2] - The launch of MONY reflects a broader industry trend towards asset tokenization on public networks, emphasizing liquidity, stability, and yield for investors [4] Investment Details - MONY requires a minimum investment of $1 million and is part of JPMorgan's ongoing exploration of digital assets, following the introduction of its Kinexys Digital Assets platform [2] - The fund allows investors to earn yield while holding the associated token on-chain, similar to BlackRock's BUIDL fund, which was launched with $1.8 billion last March [3] Industry Trends - JPMorgan's introduction of the MONY fund indicates a growing shift in the financial industry towards tokenization, with expectations that other Globally Systemically Important Banks (G-SIBs) will follow suit [4][5] - The bank's recent activities suggest a multi-chain strategy, including structured notes tied to Bitcoin and the issuance of commercial paper on Solana for Galaxy Digital [7]

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]

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]