JPMorgan Debuts $100 Million Tokenized Fund on the Ethereum Mainnet

JPMorgan Chase & Co. has introduced its inaugural tokenized money market fund on the Ethereum blockchain, marking a significant step in the integration of public blockchain technology for institutional finance. This $100 million fund aims to enhance cash management solutions for institutional clients while providing faster transaction processes compared to traditional systems.

Key Takeaways

JPMorgan has launched a $100 million tokenized money market fund on the Ethereum blockchain.
This initiative is part of the bank's expansion into public blockchain networks for regulated financial products.
The fund offers near real-time settlement, improving liquidity management for institutional clients.
JPMorgan is positioning these tokenized products as alternatives to stablecoins within regulatory frameworks.
The launch follows a recent $50 million commercial paper issuance on the Solana blockchain, highlighting growth in tokenized financial products.

JPMorgan debuts $100m tokenized fund on Ethereum

JPMorgan Chase & Co. Launches Tokenized Money Market Fund

On December 15, 2025, JPMorgan Chase & Co. announced the successful launch of its first tokenized money market fund, which has been seeded with $100 million from the bank's internal capital. This fund is tailored for institutional clients looking to gain exposure to money market investments through blockchain technology.

Operating on the Ethereum main network, this innovative fund provides continuous access and allows for near real-time settlements, a notable improvement over traditional banking systems that may take several days to process transactions. This structure is designed to enhance liquidity management and operational efficiency for institutions utilizing short-term cash instruments.

The launch builds upon JPMorgan's previous blockchain initiatives under the Kinexys platform, which previously centered on private blockchains. Notable prior efforts included the JPMD USD deposit token, which was launched on Coinbase’s Layer 2 network, Base. This new Ethereum-based money market fund represents a significant transition toward utilizing public blockchain infrastructure for the bank's regulated financial products.

JPMorgan has framed its deposit-based tokenized products as a viable alternative to stablecoins, emphasizing the potential to offer yield-bearing instruments within a regulated banking context. The bank also revealed plans to broaden access to this fund over time and introduce an array of currencies, pending regulatory approval.

This launch follows JPMorgan's recent $50 million issuance of commercial paper on the Solana public blockchain last week, marking a broader trend in the industry as tokenized money market funds grow from $4 billion in assets under management at the beginning of 2025 to $8.6 billion by November, as per industry data.

The introduction of a money market fund on Ethereum's public network illustrates the increasing adoption of public blockchains by institutions as a critical infrastructure for global capital markets, as noted by industry observers.