"JPMorgan Asset Management has placed a very traditional product on the Ethereum blockchain: a tokenized money market fund called the My OnChain Net Yield Fund (MONY). It launched on Dec. 15, 2025, and runs on the bank's Kinexys Digital Assets platform. Investors access the fund through Morgan Money, with ownership interests issued as blockchain tokens delivered directly to their onchain addresses."
"This is significant because money market funds are a common vehicle institutions use to park short-term cash. They are built for liquidity and steady yield and are typically backed by plain-vanilla assets. MONY fits that profile exactly. It invests in US Treasurys and Treasury-collateralized repos, offers daily dividend reinvestment and allows qualified investors to subscribe and redeem using cash or stablecoins. JPMorgan has also said it is seeding the fund internally before opening it more broadly."
"The decision to use Ethereum as the settlement layer makes the launch even more notable. Did you know? A Treasury-collateralized repo is essentially a short-term, secured loan. One party provides cash, the other posts US Treasurys as collateral, and both agree to reverse the trade later at a slightly higher price. The difference between the two prices represents the interest."
JPMorgan Asset Management launched the My OnChain Net Yield Fund (MONY) on Dec. 15, 2025, on its Kinexys Digital Assets platform. Investors access MONY through Morgan Money and receive ownership interests as blockchain tokens at their onchain addresses. The fund invests in US Treasurys and Treasury-collateralized repurchase agreements, offers daily dividend reinvestment, and allows qualified investors to subscribe and redeem using cash or stablecoins. JPMorgan is seeding the fund internally before broader access. Using Ethereum as the settlement layer places MONY alongside stablecoins, tokenized treasuries, and existing onchain liquidity. The next focus includes collateral utility, secondary transfers, and bank competition.
Read at Cointelegraph
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