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 Fund
JPMorgan’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 bank supports the product through its Kinexys Digital Assets platform and will offer it to qualified investors, including individuals with at least $5 million in investable assets and institutions with a minimum of $25 million.
The fund carries a $1 million minimum investment.
Wall Street Accelerates Tokenization Push
The launch follows growing momentum across Wall Street after regulatory clarity earlier this year unlocked broader experimentation with tokenized financial products.
Firms are increasingly exploring blockchain infrastructure to modernize settlement, collateral usage, and access to yield-bearing instruments.
JPMorgan executives said client demand is accelerating as institutional investors seek blockchain-native alternatives to traditional money-market products.
Investors in MONY will receive digital tokens in crypto wallets and can subscribe or redeem using cash or USDC.
JPMorgan recently tokenized a private-equity fund on its blockchain platform for wealthy clients served by its private bank
Why Tokenized Money Funds Matter
Tokenized money-market funds allow investors to earn yield while keeping assets entirely on-chain, addressing a long-standing issue where stablecoin holdings typically did not pass interest income to holders.
For asset managers, tokenization offers operational efficiency, faster settlement, and potential integration with crypto trading venues where tokenized funds can be used as collateral.
The structure also opens the door to attracting capital from digital-asset native investors who have historically remained outside traditional fund vehicles.
Earlier this year, platforms including Robinhood Markets Inc. (NASDAQ:HOOD), Kraken, and Gemini (NASDAQ:GEMI) launched tokenized stocks and exchange-traded funds for non-U.S. investors
JPMorgan Joins BlackRock And Goldman In Race
JPMorgan’s move places it alongside major peers expanding into tokenization.
BlackRock (NYSE:BLK) operates the largest tokenized money-market fund in the market today.
Goldman Sachs (NYSE:GS) has announced plans to tokenize fund ownership for institutional clients.
BNY (NYSE:BK) is pursuing similar initiatives focused on custody and fund infrastructure.
JP Morgan has already tokenized private-equity vehicles for its private-bank clients, signaling that blockchain infrastructure is becoming a core component of its long-term capital markets strategy rather than a side experiment.
JPM Stock Consolidates Near Highs
JPM Price Dynamics (Source: TradingView)
From a technical perspective, JPMorgan shares are consolidating near record levels after a steady multi-month rally.
The stock remains inside a rising price channel that has guided price action higher since the spring.
The 20-day EMA sits near $310, followed by the 50-day EMA around $307 and the 100-day EMA near $301.
The 200-day EMA near $285 remains well below price, confirming the longer-term uptrend.
This alignment, with the 20-day EMA above the 50-day, followed by the 100-day and 200-day, reflects a bullish trend structure.
The recent pullback toward the $300–$305 zone was quickly absorbed, turning that area into near-term support.
Resistance remains clustered between $320 and $325, where price has stalled several times without sharp rejection.
This suggests supply is being absorbed rather than aggressively sold.
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