J.P. Morgan launches first tokenised MMF
18 December 2025 US
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J.P. Morgan Asset Management has announced the launch of its first tokenised money market fund, My OnChain Net Yield Fund (MONY), which is now available on the public Ethereum blockchain.
Powered by Kinexys Digital Assets, the firm鈥檚 multi-chain asset tokenisation solution, MONY is a 506(c) private placement fund providing investors the opportunity to earn US dollar yields by subscribing through Morgan Money, the firm鈥檚 open architecture trading and analytics platform for liquidity management.
According to the bank, Morgan Money is the first institutional liquidity trading platform to integrate traditional and onchain assets offering investors access to a full-range of money market products.
Qualified investors can access MONY exclusively through the Morgan Money platform, receiving tokens at their blockchain addresses.
MONY invests only in traditional US Treasury securities and repurchase agreements fully collateralised by the US Treasury securities, allowing qualified investors to earn yield while holding the token on the blockchain.
It offers daily dividend reinvestment and investors will be able to subscribe and redeem using cash or stablecoins through the Morgan Money platform.
The fund鈥檚 tokenisation provides increased transparency, peer-to-peer transferability, and the potential for broader collateral usage within the blockchain ecosystem.
George Gatch, CEO of J.P. Morgan Asset Management, says: 鈥淎ctive management and innovation are at the heart of how we deliver new solutions for investors navigating today鈥檚 financial landscape.
鈥淏y harnessing technology alongside our deep expertise in active management, we鈥檙e able to provide clients with advanced, innovative, and cost-effective capabilities that help them achieve their investment goals.鈥�
John Donohue, head of Global Liquidity at J.P. Morgan Asset Management, adds: 鈥淲e are excited to be a first mover with the launch of MONY, and we expect other G-SIB banks to follow our lead in providing clients with greater optionality in how they invest in money market funds.
鈥淲ith Morgan Money, tokenisation can fundamentally change the speed and efficiency of transactions, adding new capabilities to traditional products.
鈥淭his marks a significant step forward in how assets will be traded in the future, and we鈥檙e excited about the opportunities this creates for our clients and for the whole industry.鈥�
Powered by Kinexys Digital Assets, the firm鈥檚 multi-chain asset tokenisation solution, MONY is a 506(c) private placement fund providing investors the opportunity to earn US dollar yields by subscribing through Morgan Money, the firm鈥檚 open architecture trading and analytics platform for liquidity management.
According to the bank, Morgan Money is the first institutional liquidity trading platform to integrate traditional and onchain assets offering investors access to a full-range of money market products.
Qualified investors can access MONY exclusively through the Morgan Money platform, receiving tokens at their blockchain addresses.
MONY invests only in traditional US Treasury securities and repurchase agreements fully collateralised by the US Treasury securities, allowing qualified investors to earn yield while holding the token on the blockchain.
It offers daily dividend reinvestment and investors will be able to subscribe and redeem using cash or stablecoins through the Morgan Money platform.
The fund鈥檚 tokenisation provides increased transparency, peer-to-peer transferability, and the potential for broader collateral usage within the blockchain ecosystem.
George Gatch, CEO of J.P. Morgan Asset Management, says: 鈥淎ctive management and innovation are at the heart of how we deliver new solutions for investors navigating today鈥檚 financial landscape.
鈥淏y harnessing technology alongside our deep expertise in active management, we鈥檙e able to provide clients with advanced, innovative, and cost-effective capabilities that help them achieve their investment goals.鈥�
John Donohue, head of Global Liquidity at J.P. Morgan Asset Management, adds: 鈥淲e are excited to be a first mover with the launch of MONY, and we expect other G-SIB banks to follow our lead in providing clients with greater optionality in how they invest in money market funds.
鈥淲ith Morgan Money, tokenisation can fundamentally change the speed and efficiency of transactions, adding new capabilities to traditional products.
鈥淭his marks a significant step forward in how assets will be traded in the future, and we鈥檙e excited about the opportunities this creates for our clients and for the whole industry.鈥�
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