MONY, issued by J.P. Morgan Asset Management and tokenized by Kinexys Digital Assets, is a tokenized money market fund interest that represents an onchain holding in My OnChain Net Yield Fund, a U.S. dollar yield-accruing fund [S1].

Holders gain economic exposure to My OnChain Net Yield Fund, which invests only in U.S. Treasury securities and repurchase agreements fully collateralized by U.S. Treasury securities [S1]. The fund is a total-return, yield-accruing money market fund through which holders earn U.S. dollar (USD) yields, with distributions reinvested daily within the fund rather than paid out, so returns accrue to the holder's interest [S1].

J.P. Morgan Asset Management, the asset-management arm of J.P. Morgan, a United States institution, issues and manages the fund [S1][S2]. MONY is a Rule 506(c) private placement fund interest under U.S. securities law, restricted to qualified investors generally comprising Qualified Purchasers under the Investment Company Act of 1940 and Accredited Investors under the Securities Act of 1933 [S1]. Access is exclusively through the Morgan Money platform, J.P. Morgan's institutional liquidity trading platform [S1]. Investors subscribe and redeem the fund interest using cash or stablecoins through Morgan Money [S1].

The fund interest is issued natively onchain on the public Ethereum blockchain via Kinexys Digital Assets, J.P. Morgan's onchain tokenization platform [S1]. Tokens are minted to investors' blockchain addresses on subscription and redeemed through Morgan Money, with onchain settlement described as near real-time [S3]. The tokens are peer-to-peer transferable and usable as collateral onchain [S1].

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-its-first-tokenized-money-market-fund/" },
    { id: "S2", url: "https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-second-tokenized-fund-on-ethereum/" },
    { id: "S3", url: "https://www.jpmorgan.com/insights/payments/blockchain-digital-assets/blockchain-kinexys-asset-tokenization" },
  ]}
/>


Tokenized funds

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Real-world asset (RWA) issuers

J.P. Morgan

My OnChain Net Yield Fund (MONY) is a tokenized fund share issued by J.P. Morgan through My OnChain Net Yield Fund.

Each token is a direct claim on the issuer.

The fund is open-ended, invests in U.S. government debt and money market instruments, and charges a 0.16% annual management fee.

Qualified investors can subscribe and redeem after completing KYC.

My OnChain Net Yield Fund is incorporated in the British Virgin Islands and is offered under an SEC Regulation D exemption.

MONY has been issued on public blockchains since February 2026 and is native to Ethereum and Solana.

My OnChain Net Yield FundMONY