JPMorgan Launches Its First Tokenized Money Market Fund on Ethereum With $100 Million Seed Capital

COINOTAG News, citing The Wall Street Journal, reports that JPMorgan Chase plans to launch its first tokenized money market fund on the Ethereum blockchain, signaling a disciplined expansion of its crypto-enabled product slate. The disclosure highlights the bank’s evolving strategy to tokenize cash equivalents and settle positions on-chain.

The initiative aims to leverage Ethereum as the settlement backbone to improve liquidity management for short-dated instruments, while maintaining robust risk controls and regulatory alignment. This move positions JPMorgan Chase at the forefront of institutional-grade tokenization within the broader cryptocurrency and DeFi-adjacent markets.

Initial seed funding is reported at $100 million of internal capital, allocated to the fund to support governance, product design, and launch milestones.