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JPMorgan Tokenized Fund On Ethereum

JPMorgan launched its first tokenized money-market fund on Ethereum, coined MONY, seeded with $100 million in capital.

Quick Take

  • JPMorgan tokenized fund.

  • ZKsync introduces Managed Services.

  • Vote to activate Lido V3 on mainnet.

  • BtMine holds ~4 million ETH.

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JPMorgan Tokenized Fund On Ethereum

Listen to this episode from Ethereum News on Spotify. JPMorgan launches a tokenized fund on Ethereum. Matter Labs introduces ZKsync Managed Services. A vote goes live to activate Lido V3 on mainnet. And BitMine holds close to 4 million ETH. Read more: https://ethdaily.io/843 Sponsor: Arkiv is an Ethereum-aligned data layer for Web3.

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JPMorgan Tokenized Fund On Ethereum

JPMorgan launched its first tokenized money-market fund on Ethereum, coined the My OnChain Net Yield Fund, or MONY. The fund invests in low-risk, short-term assets such as U.S. Treasury securities and repurchase agreements. The fund was seeded with $100 million of JPMorgan's own capital, according to the WSJ. Built on JPMorgan's in-house Kinexys Digital Assets platform, MONY is a private placement available only to qualified institutional and high-net-worth investors. The minimum investment is $1 million. Investors can subscribe and redeem using cash or stablecoins like USDC, receiving tokenized shares delivered directly to their crypto wallets. Last month, JPMorgan launched JPMD, its bank-issued USD deposit token on Base.

ZKsync Introduces Managed Services

Matter Labs launched ZKsync Managed Services, a new service offering ZK-chains-as-a-service directly operated by the ZKsync development team. The service targets enterprises and financial institutions seeking to deploy custom, production-grade ZK Stack chains without the burden of complex infrastructure management. The service provides infrastructure, including a dedicated RPC, block explorer, indexer, and event delivery. It also provides enterprises with the ability to precisely configure key system parameters, such as the Data Availability (DA) layer, gas token, MEV policy, and access permissions, ensuring the chain meets specific product or regulatory needs.

Vote To Activate Lido V3 On Mainnet

A governance vote is now live to activate the first phase of Lido V3 on mainnet, a major upgrade that is transforming the protocol from a pooled staking model into a modular, decentralized Ethereum staking infrastructure. At the core of Lido V3 is the introduction of stVaults, which are non-custodial, customizable smart contracts that allow users to define their own validator setup. stVaults support overcollateralized stETH minting and feature critical safeguards such as immutable collateral caps and an escape hatch to opt out of protocol governance. If approved, the soft launch will deploy stVaults for early partners. The vote is currently set to close on December 20th.

BitMine Holds 4 Million ETH

BitMine's digital asset treasury now holds nearly 4 million ETH, representing over 3.2% of the total Ethereum supply. The holdings are valued at over $11 billion. BitMine continues its accumulation strategy, progressing toward its long-term goal of owning 5% of the total ETH supply, roughly 6 million ETH. Corporate treasuries collectively hold more ETH than Ether ETFs.

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