JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon in 2025 maintained his skeptical stance towards Bitcoin (CRYPTO: BTC) , even as JPMorgan launched a $100 million Ethereum (CRYPTO: ETH) fund.The Verbal Offensive ContinuesDimon’s public statements in 2025 maintained his reputation as a prominent crypto skeptic. Earlier in January, during a CBS “60 Minutes” interview, he asserted Bitcoin has no intrinsic value and linked it to sex trafficking, money laundering, and ransomware. By July, he compared Bitcoin owner ...

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 ...

JPMorgan Chase — whose CEO Jamie Dimon once dismissed bitcoin as a “fraud” and likened cryptocurrencies to a “Ponzi scheme” — is diving further into crypto with a money-market fund that’s based on blockchain.The bank’s asset-management division, which handles $4 trillion, will start the Wall Street giant’s first tokenized money-market fund — this one on the Ethereum network — with $100 million of its own money, the Wall Street Journal reported.The fund — called the My OnChain Net Yield Fund, or MONY — will ...

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 ...

JPMorgan Chase will begin offering an Ethereum-based, tokenized money-market fund to qualified investors this week, according to a Monday press release. The private fund, dubbed My OnChain Net Yield Fund, or “MONY,” will be seeded with $100 million of the bank’s capital before it can be accessed on Tuesday by individuals with at least $5 million in assets or institutions with $25 million or more, the bank said. MONY, which requires an investment of at least $1 million, represents JPMorgan’s continued exper ...

Qualified investors gain access to on-chain assets through Morgan Money® NEW YORK, Dec. 15, 2025 /PRNewswire/ -- J.P. Morgan Asset Management today announced the launch of its first tokenized money market fund, My OnChain Net Yield Fund ("MONY"), now available on the public Ethereum blockchain. Powered by Kinexys Digital Assets, the firm's industry-leading, multi-chain asset tokenization solution, MONY is a 506(c) private placement fund providing qualified investors the opportunity to earn U.S. dollar yield ...

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]