The crypto market saw a mix of institutional progress, regulatory signals and long term security debates on Monday. Major developments ranged from JPMorgan’s move into tokenised funds to fresh comments on how Bitcoin might react to a theoretical quantum threat.

JPMorgan launches tokenised money market fund on Ethereum

JPMorgan has taken another step into blockchain based finance by launching its first tokenised money market fund through its asset management arm, which oversees around four trillion dollars in assets.

The fund, named My OnChain Net Yield Fund and trading under the ticker MONY, has been issued on the public Ethereum blockchain. It has been launched via Kinexys Digital Assets, JPMorgan’s in house tokenisation platform.

MONY is structured as a 506(c) private placement fund and is aimed at qualified investors. It allows participants to earn US dollar yields by subscribing through Morgan Money, the bank’s institutional trading platform.

John Donohue, head of global liquidity at J.P. Morgan Asset Management, said tokenisation could significantly improve transaction speed and efficiency while adding new features to traditional financial products. According to the bank, this makes JPMorgan the largest globally systemically important bank to introduce a tokenised money market fund on a public blockchain.

The bank also highlighted benefits such as greater transparency, peer to peer transferability and future use of fund tokens as collateral within the wider blockchain ecosystem.

Tokenisation seen as milestone for traditional finance

JPMorgan framed the launch as a glimpse into how financial assets may be traded in the future. By enabling investors to receive fund tokens directly to their blockchain addresses, the bank believes tokenised funds could eventually integrate more deeply with decentralised infrastructure while remaining within a regulated framework.

The move reflects a broader trend of large financial institutions experimenting with blockchain technology rather than operating outside it. While access to MONY remains restricted to eligible investors, its presence on a public blockchain marks a notable shift from earlier private ledger experiments.

UK plans to bring crypto under finance laws by 2027

Regulation was also in focus as reports suggested the UK government will move to formally extend existing financial laws to crypto firms. Legislation expected to be introduced this week would place crypto companies under the oversight of the Financial Conduct Authority by October 2027.

Draft proposals were first published by the Treasury in April and have reportedly undergone only minor revisions. Under the plan, crypto assets would be subject to the same consumer protection standards as traditional financial products.

Chancellor of the Exchequer Rachel Reeves said bringing crypto within the regulatory perimeter was essential for maintaining the UK’s position as a leading financial centre in the digital era. Economic secretary Lucy Rigby added that the government aims to lead globally in digital asset adoption while excluding bad actors from the market.

Willy Woo comments on quantum risk to Bitcoin

Bitcoin analyst Willy Woo reignited debate around quantum computing risks by suggesting that early Bitcoin holders would step in if Satoshi Nakamoto’s coins were ever compromised.

Woo said that if a sufficiently powerful quantum computer managed to access Satoshi’s estimated one million BTC and flood the market, long term holders would likely buy heavily during any sudden crash. This buying pressure could help stabilise prices in the short term.

However, Woo warned that around four million Bitcoin held in older wallet types are potentially vulnerable. If all of these coins entered circulation at once, the impact could trigger a prolonged bear market lasting several years.

Debate grows over quantum resistant upgrades

The comments have fuelled ongoing discussion about the need for quantum resistant cryptography within the Bitcoin network. While most Bitcoin is not currently exposed, analysts and industry figures continue to urge users to migrate funds from older address formats before quantum technology becomes a real threat.

Despite the uncertainty, Woo maintained that the Bitcoin network itself would survive such a scenario, even if market conditions became severely stressed for an extended period.