MetaMask Adds Native Bitcoin Support While JPMorgan Launches Tokenized Money Market Fund on Ethereum

MetaMask Enables Native Bitcoin Trading

Crypto wallet giant MetaMask has announced the addition of native Bitcoin support, marking a significant expansion of its multichain capabilities ten months after first teasing the integration ^[1].

The rollout, announced on social media Monday, enables users to buy BTC, swap to BTC, and send and receive BTC directly within the wallet ^[1]. According to MetaMask, any Bitcoin transactions will appear in users' asset lists once confirmed, though the company cautioned that "Bitcoin transactions are typically slower than those on EVM or Solana networks" ^[1].

To incentivize adoption, MetaMask is offering reward points for any swaps into BTC ^[1]. Prior to this integration, MetaMask users could only gain exposure to Bitcoin through wrapped versions of the asset ^[1].

Multichain Expansion Strategy

Initially developed to support the Ethereum ecosystem and EVM-compatible networks, MetaMask has been gradually expanding its blockchain support throughout 2025 ^[1]. The wallet kicked off its multichain push with Solana integration in May, followed by Sei in August and Monad in November ^[1].

"Bitcoin support marks the latest step in our multichain expansion, following the launch of Monad and Sei earlier this year, with more networks to come in 2026," MetaMask stated ^[1]. The company has indicated additional networks will be added next year but has not disclosed specific details ^[1].

The Bitcoin integration was first discussed in February by MetaMask's Dan Finlay, who suggested it would go live in the third quarter of 2025 ^[1].

JPMorgan Enters Tokenization Space

In a parallel development showcasing institutional adoption of blockchain technology, U.S. banking giant JPMorgan is launching a tokenized money market fund on the Ethereum blockchain ^[2].

The fund, called My OnChain Net Yield Fund with the ticker MONY, is scheduled to open for qualified customers on December 16, 2025 ^[2]. It will be issued through JPMorgan's proprietary tokenization platform Kinexys Digital Assets and structured as a 506(c) private placement fund ^[2].

Access to the fund will occur through the institutional trading platform Morgan Money, with investors receiving tokens directly to their blockchain addresses ^[2]. JPMorgan promises greater transparency, peer-to-peer transferability, and potential future use as collateral in the blockchain ecosystem ^[2].

Investment Structure and Requirements

The MONY fund will invest exclusively in low-risk instruments including U.S. Treasuries and repurchase agreements (repos) fully secured by U.S. government bonds ^[2]. The fund includes provisions for daily dividend reinvestment ^[2].

Subscription and redemption will be possible through Morgan Money using both cash and stablecoins ^[2]. The investment thresholds are set at $5 million for private investors and $25 million for institutional investors, with a minimum investment requirement of $1 million ^[2].

According to the announcement, customer interest in tokenization has been enormous ^[2]. JPMorgan stated it wants to "play a leading role in this area and work together with our customers to ensure that we offer a product range that provides them with the same choices on a blockchain basis as traditional money market funds" ^[2].