JPMorgan Expands Kinexys Platform to Public Blockchain with $100M Ethereum Fund

JPMorgan has launched a $100M tokenized money market fund on Ethereum, marking a major step in institutional adoption of public blockchain networks for regulated financial products.

Published by Ecem EFE

15 December 2025, 17:13 published Updated 15 December 2025, 17:13

JPMorgan Brings Institutional Cash Management to Ethereum with New Tokenized Fund

JPMorgan Chase & Co. has taken a bold step into public blockchain infrastructure, launching its first tokenized money market fund on the Ethereum mainnet. The move expands the bank’s Kinexys platform from private, permissioned networks to public blockchain networks, offering institutional clients faster and more efficient cash management solutions.

$100M Fund Targets Institutional Investors

The fund went live on December 15, 2025, seeded with $100 million in internal capital, according to the bank. Designed for institutional clients, the product allows exposure to money market instruments through blockchain-based infrastructure. Unlike legacy financial systems, which may take several days to settle transactions, the Ethereum-based fund enables near real-time access and settlement, improving both liquidity management and operational efficiency.

Expanding Blockchain Initiatives Beyond Private Chains

This launch builds on JPMorgan’s previous blockchain initiatives under the Kinexys platform, which historically focused on permissioned distributed ledger technology. Past projects include the JPMD USD deposit token on Coinbase’s Layer 2 network, Base. By moving to Ethereum, JPMorgan signals a growing willingness to leverage public blockchain networks for regulated financial products.

A Regulated Alternative to Stablecoins

JPMorgan has positioned deposit-based tokenized products as a compliant alternative to stablecoins, offering yield-bearing instruments within regulated banking frameworks. The bank plans to expand access to the fund over time and may introduce additional currencies, pending regulatory approval.

Institutional Adoption of Public Blockchains

The launch follows a $50 million commercial paper issuance on the Solana public blockchain last week, reflecting sector-wide growth in tokenized money market funds, which expanded from $4 billion to $8.6 billion in assets under management during 2025. Analysts note that deploying a fund on Ethereum’s public network highlights the increasing adoption of public blockchains for global capital markets.