JPMorgan has officially launched its MONY fund on a public blockchain, targeting institutional investors with a portfolio of US Treasury bonds.
JPMorgan has marked a significant step forward in applying blockchain technology to traditional finance with the official launch of the first Tokenize money market fund on Ethereum. This move affirms the pioneering Vai of the Global Systems Intelligence Bank (GSIB) in modernizing financial infrastructure through blockchain technology.
The My OnChain Net Yield Fund (MONY), issued by JP Morgan Asset Management, is structured as a closed-end fund, serving only investors who meet the eligibility requirements under U.S. law. The portfolio is entirely focused on U.S. Treasury bonds and reverse repo transactions secured by these government debt instruments, ensuring high safety and liquidation for institutional investors.
Integrating blockchain technology into liquidation management.
MONY's deployment is being implemented through Kinexys Digital Assets, JPMorgan's multi- chain platform specializing in asset Tokenize . Investors can register through the Morgan Money system and receive Token directly to their personal blockchain address. This is the first institutional liquidation management system that combines traditional financial instruments and on-chain assets in a unified interface.
Tokenize structures offer several significant advantages over traditional funds. Investors can generate returns in USD while holding assets directly on the blockchain, supported by daily dividend reinvestment. Subscription and swap transactions can be flexibly executed using cash or stablecoins, enhancing accessibility for a wider range of investors.
George Gatch, CEO of JP Morgan Asset Management, emphasized that proactive management and technological innovation are central to the strategy, helping to provide more efficient and advanced solutions for investors. John Donohue, Head of Global Liquidity, expects other system banks to follow this model as Tokenize accelerates and simplifies money market fund operations and adds new functionality to traditional financial products.
According to JPMorgan, Tokenize increases transparency, enables direct peer-to-peer transfers, and expands the use of assets as collateral within blockchain infrastructure. The bank is actively experimenting with blockchain in interbank transfers, corporate payments, and the Tokenize of USD deposits, aiming to reshape how financial assets are traded in the future.
