J.P. Morgan Asset Management has put roughly $800 million in assets on the public Ethereum blockchain, spread across two tokenized money market funds.
Two funds, one blockchain
The first fund, called MONY, launched in December 2025 with $100 million in seed capital. The second, JLTXX, followed on May 13, 2026, also seeded with $100 million from J.P. Morgan itself.
JLTXX has been the breakout performer. In its first month alone, the fund’s assets under management surged roughly 250%, climbing to around $695 million by early July 2026.
Both funds are backed by US government Treasuries and repurchase agreements, represented as tokens on Ethereum instead of entries in a legacy custody system.
