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JPMorgan to Launch $100 Million Tokenized Money Market Fund on Ethereum

JPMorgan to Launch $100 Million Tokenized Money Market Fund on Ethereum

JPMorgan expands its blockchain strategy by deploying JPM Coin on Coinbase’s Base network and launching MONY on public Ethereum with real institutional transactions.

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Summary

In December 2025, JPMorgan introduced JPM Coin (JPMD), a deposit-backed token on Coinbase’s Ethereum Layer-2 Base, enabling real institutional settlements. Mastercard, Coinbase, and B2C2 participated in initial transactions. Alongside JPMD, the bank launched the My OnChain Net Yield Fund (MONY), a $100 million tokenized money market fund on public Ethereum, reflecting the transition of real-world asset tokenization from pilot projects to operational systems.

Terms & Concepts
  • Tokenized money market fund: A traditional money market fund represented as digital tokens on a blockchain, enabling faster transfers and settlement.
  • Ethereum: A blockchain platform that supports smart contracts, used here as the infrastructure for JPMorgan’s tokenized fund.
  • Layer-2: A secondary framework built on top of a blockchain to increase transaction throughput and reduce fees.