JPMorgan puts a money fund on Ethereum.
By Maxime Laurent · 2025-12-15 11:11
JPMorgan puts a money fund on Ethereum.
A classic money market fund, rebuilt on $ETH for qualified investors.
This is not a meme, not a pilot, not a sandbox demo. JPMorgan launched My OnChain Net Yield (MONY), a fully tokenized version of a traditional money market fund, running directly on Ethereum. The bank seeded it with $100M of its own capital and opened access to investors starting at $1M minimum.
What changes? Shares are tokens. Accounting and settlement happen onchain. You can enter with fiat or USDC. What doesn’t change? The product itself. Same conservative logic, same yield mindset, same TradFi DNA. Just… blockchain rails underneath.
That’s the part I find fascinating. No attempt to sell “the future of finance”. No crypto buzzwords. Just efficiency. Faster settlement, cleaner accounting, fewer intermediaries. JPMorgan isn’t trying to impress crypto — it’s optimizing itself.
From my little corner in the south, this feels like inevitability more than innovation 🌅 Big banks aren’t asking if blockchain works anymore. They’re choosing where it quietly saves time and money. Peinard.
It’s still a money fund. Still boring. And that’s exactly why it matters. When boring finance goes onchain, you know the tech has crossed a line.
#Ethereum #ETH #JPMorgan #Tokenization #TradFi #OnChainFinance #CryptoEvolution
A classic money market fund, rebuilt on $ETH for qualified investors.
This is not a meme, not a pilot, not a sandbox demo. JPMorgan launched My OnChain Net Yield (MONY), a fully tokenized version of a traditional money market fund, running directly on Ethereum. The bank seeded it with $100M of its own capital and opened access to investors starting at $1M minimum.
What changes? Shares are tokens. Accounting and settlement happen onchain. You can enter with fiat or USDC. What doesn’t change? The product itself. Same conservative logic, same yield mindset, same TradFi DNA. Just… blockchain rails underneath.
That’s the part I find fascinating. No attempt to sell “the future of finance”. No crypto buzzwords. Just efficiency. Faster settlement, cleaner accounting, fewer intermediaries. JPMorgan isn’t trying to impress crypto — it’s optimizing itself.
From my little corner in the south, this feels like inevitability more than innovation 🌅 Big banks aren’t asking if blockchain works anymore. They’re choosing where it quietly saves time and money. Peinard.
It’s still a money fund. Still boring. And that’s exactly why it matters. When boring finance goes onchain, you know the tech has crossed a line.
#Ethereum #ETH #JPMorgan #Tokenization #TradFi #OnChainFinance #CryptoEvolution
Disclaimer: This content is for informational purposes only and not financial advice.