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Brief
JPMorgan's first tokenized money market fund. Launched December 2025 on Ethereum via Kinexys Digital Assets, making JPMorgan the largest GSIB to put a tokenized MMF on a public blockchain. 506(c) private placement for qualified institutional investors. Invests in US Treasuries and fully collateralized repos.
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Snapshot
Key terms and identifiers.
- Asset value
- $0
- Fee
- — (not disclosed)
- Custodian
- Traditional (JPMorgan + sub-custodian)
- Structure
- 506(c) private placement, Rule 2a-7 MMF
- Chains
- Ethereum
- Investor type
- Qualified institutional investors
- Spec type
- fund
- As of
- 2026-05
- Asset classes
- Treasuries
- Token standards
- erc-20
- Regulatory
- sec-40-act
- Jurisdiction
- US
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Milestones
How this player got here.
- Dec 2025Launched on public Ethereum via Kinexys; first tokenized MMF from a GSIB
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Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
