JPMorgan Chase & Co. has launched its first tokenized money market fund on the public Ethereum blockchain, seeded with $100 million of the bank's own capital. This move represents a significant step by a major financial institution to utilize public blockchain networks for regulated financial products.
The fund is designed for institutional clients and aims to improve liquidity management and operational efficiency through near real-time settlement.
This launch is part of a growing trend of institutional adoption of public blockchains, with assets in tokenized money market funds more than doubling in 2025.