JPMorgan Launches Tokenized Fund on Ethereum Network

TLDR

• MONY fund opens December 16, 2025, with $100 million capital.
• Ethereum’s price may drop to $2,600 despite JPMorgan’s launch.
• Fund allows institutional deposits in USD or USDC for daily yields.

Ethereum’s price faces potential risks of falling to $2,600, according to recent financial analysis, despite a major development from JPMorgan Chase. The financial giant announced the launch of its tokenized money market fund, dubbed My OnChain Net Yield Fund (MONY), which operates on the Ethereum network. This initiative represents a significant move towards integrating traditional finance with blockchain technology.

The MONY fund, slated to open on December 16, 2025, is capitalized at $100 million, targeting qualified investors. The fund offers these investors varying investment minimums of $1 million, $5 million, or $25 million. John Donohue, a key figure in JPMorgan Asset Management, oversees aspects of the fund’s tokenization strategy. However, no direct comments from Donohue are available on his social media or in other industry statements. This launch aligns with JPMorgan’s previous blockchain endeavors.

Details of the MONY Fund’s Operation

The MONY fund leverages JPMorgan’s Kinexys platform to run its operations. It enables institutional deposits in USD or USDC, with fund tokens stored in crypto wallets. The fund promises daily interest and dividend yields. Despite the fund’s substantial initial capitalization, no other significant institutional allocations beyond JPMorgan are noted.

The choice of ETH as the base network is noteworthy, yet no immediate changes in total value locked (TVL), liquidity, or staking flows have been observed on-chain due to the launch. It is notable that Ethereum exchange-traded funds (ETFs) saw net outflows of $19.41 million on December 12, 2025. No reactions from prominent crypto figures like Arthur Hayes or Vitalik Buterin have been recorded.

Potential Market Impact and Sentiments

Market analysts suggest a risk to Ethereum’s price despite JPMorgan’s moves, highlighting a potential drop to $2,600. However, the direct impact of the JPMorgan fund on ETH price dynamics remains speculative, as firm figures or predictions have yet to surface. This price projection remains independent of the newly launched fund.

No significant regulatory updates linked to the MONY fund have been issued by bodies such as the SEC, CFTC, or ESMA. Likewise, community and developer response data from platforms like GitHub, Twitter, or Telegram is currently lacking, providing little insight into broader sentiment surrounding this development.

The structure of the fund aligns with JPMorgan’s ongoing tokenization efforts via Kinexys.

JPMorgan Official Release