JPMorgan’s Fund Lands On Ethereum: Wall Street’s Big Shift?

JPMorgan Asset Management has launched its first tokenized money market fund on Ethereum, marking another moment where Wall Street’s playbook crosses into blockchain territory. The bank seeded the new My OnChain Net Yield Fund (MONY) with $100 million of its own money before opening it up to outside investors, targeting institutions and high-net-worth individuals. Participants gain digital tokens representing their stake—effectively putting the rails of a core financial product on-chain. Institutions Accelerate Blockchain Integration MONY is built on JPMorgan’s Kinexys platform, with access restricted to those able to commit at least $1 million and, in the case of individuals, prove