The post Tom Lee Flags ETH Signal in JPMorgan Move appeared on BitcoinEthereumNews.com. Welcome to the US Crypto News Morning Briefing—your essential rundown ofThe post Tom Lee Flags ETH Signal in JPMorgan Move appeared on BitcoinEthereumNews.com. Welcome to the US Crypto News Morning Briefing—your essential rundown of

Tom Lee Flags ETH Signal in JPMorgan Move

2025/12/16 00:46

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee, because Wall Street has just sent another signal that crypto’s future is becoming increasingly institutional. As JPMorgan moves a core financial product on-chain, market watchers are wondering whether this is merely experimentation or a deeper shift toward Ethereum as an economic infrastructure.

Crypto News of the Day: JPMorgan Takes Money Markets On-Chain with Ethereum-Powered Fund

JPMorgan Chase has taken another decisive step into blockchain-based finance, launching its first tokenized money market fund on the Ethereum network.

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According to reporting by WSJ, the banking giant’s $4 trillion asset-management arm has rolled out the My OnChain Net Yield Fund, or MONY. It is a private money market fund deployed on Ethereum and supported by JPMorgan’s tokenization platform, Kinexys Digital Assets.

The bank will seed the fund with $100 million of its own capital before opening it to outside investors, signaling strong internal conviction in tokenized financial products.

MONY is structured for institutional and high-net-worth participation only. It is open to qualified investors, including individuals with at least $5 million in investable assets and institutions with a minimum of $25 million, as well as a $1 million investment minimum.

Investors receive digital tokens representing their fund interests, bringing traditional money-market exposure onto blockchain rails while preserving familiar yield dynamics.

According to the report, JPMorgan executives attribute client demand as the driving force behind the launch.

He added that the firm expects to be a leader in the space by offering blockchain-based equivalents to traditional money-market products.

The launch comes amid accelerating momentum for tokenized assets on Wall Street, following the passage of the GENIUS Act earlier this year.

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The legislation established a US regulatory framework for stablecoins and is widely viewed as a catalyst for broader tokenization efforts across funds, bonds, and real-world assets.

Since then, major financial institutions have moved quickly to explore blockchain as core market infrastructure rather than a peripheral experiment.

For Ethereum, JPMorgan’s decision to deploy MONY on its network is being read as a meaningful institutional endorsement. Fundstrat co-founder Tom Lee reacted to the news by calling it “bullish for ETH.”

This comment highlights how products like MONY expand Ethereum’s real-world utility through transaction activity, smart contract execution, and deeper integration into global finance.

Crypto commentators echoed the sentiment, with some arguing that Ethereum’s role as the settlement layer for regulated financial products is becoming increasingly difficult to ignore.

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JPMorgan vs. BlackRock: Tokenized Money Market Funds Signal a New Era in Finance

JPMorgan’s move also invites comparisons with BlackRock’s tokenized money market fund, BUIDL, which has grown to roughly $1.83 billion in assets under management, according to public blockchain data.

BlackRock’s Money Market Fund (BUIDL). Source: Rwa.xyz

Like MONY, BUIDL invests in short-term US Treasuries, repurchase agreements, and cash equivalents. However, it follows a multi-chain strategy and is administered through a different tokenization partner.

Together, the two funds highlight a broader trend that traditional finance (TradFi) firms are converging on blockchain to modernize low-risk, yield-bearing products.

More broadly, analysts view tokenization as a means for traditional money market funds to remain competitive with stablecoins, while unlocking new use cases such as on-chain settlement, programmability, and enhanced transferability.

JPMorgan has already experimented with tokenized deposits, private equity funds, and institutional payment tokens, suggesting that MONY is part of a longer-term strategy rather than a standalone pilot.

As regulatory clarity improves and institutional participation deepens, JPMorgan’s Ethereum-based fund reinforces the narrative that blockchain, once seen as niche, is steadily becoming an integral part of the operating system of modern finance.

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For Ethereum, that shift may prove to be one of the most consequential signals yet.

Chart of the Day

BlackRock’s BUIDL vs JPMorgan’s MONY Tokenized Money Market Fund

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Here’s a summary of more US crypto news to follow today:

Crypto Equities Pre-Market Overview

CompanyAt the Close of December 12Pre-Market Overview
Strategy (MSTR)$176.45$176.75 (+0.17%)
Coinbase (COIN)$267.46$268.40 (+0.35%)
Galaxy Digital Holdings (GLXY)$26.75$26.75 (0.00%)
MARA Holdings (MARA)$11.52$11.56 (+0.35%)
Riot Platforms (RIOT)$15.30$15.31 (+0.065%)
Core Scientific (CORZ)$16.53$16.65 (+0.73%)
Crypto equities market open race: Google Finance

Source: https://beincrypto.com/jpmorgan-ethereum-tokenized-fund-us-crypto-news/

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