Diversified EM yield,onchain.
A tokenized fund backed by the iShares J.P. Morgan $ EM Bond UCITS ETF. Minted and redeemed instantly, 24/7/365.
Daily yield.Now 7.16%1
More than 600 US-dollar emerging-market government bonds. The return accrues into the token daily.
Growth of $10,000 in JPEA3
$10,615+6.15% over 5y
- +5.4%
- 2020
- −2.5%
- 2021
- −18.0%
- 2022
- +10.6%
- 2023
- +6.0%
- 2024
- +13.6%
- 2025
Calendar-year returns3
Diversified emerging-market yieldin one single token, onchain 24/7/365.
- $8bn+
- Underlying fund assets
- 7.16%1
- Yield to maturity
- 30
- Countries
Diversified
Government bonds from Latin America, Asia, the Middle East, Africa and Europe in one token.
Dollar-denominated
US-dollar bonds, without emerging-market currency risk.
Real-world yield
Paid by government bond coupons, not token emissions or leverage.
24/7/365 mint and redemption
Instant via USDC, weekends and bank holidays included.
Composable across DeFi
Usable as collateral in lending markets, wallets, vaults and protocols.
Robust structure, continuous yield.
Each token is backed by one BlackRock ETF, reported daily.
Backed 1:1
Fully reserved in shares of the iShares ETF, with 5% in USDC for instant redemptions.
Accumulating
Bond coupons reinvested inside the ETF, compounding continuously into the token price.
Daily NAV
Holdings and NAV reported daily by an independent third-party administrator.
Bankruptcy remote
Fund assets held in custody, separately from the issuer.
Diversified EM yield for everyone.
Use cases
Offer clients earn products with real-world yield, independent of crypto cycles.
Diversified across more than 600 government bonds, redeemable 24/7/365.
Exchanges
Offer clients earn products with real-world yield, independent of crypto cycles.
Diversified across more than 600 government bonds, redeemable 24/7/365.
Wallets
Offer users a diversified real-world yield basket, held in the wallet.
US-dollar yield from emerging-market government bonds, accruing daily.
Fintechs
Offer retail clients an earn program on diversified emerging-market yield.
Mint and redeem 24/7/365 through one API.
Backed by institutional-grade assets.
The fund holds the iShares J.P. Morgan $ EM Bond UCITS ETF, managed by BlackRock and tracking the J.P. Morgan EMBI Global Diversified Core index, with USDC held for liquidity.
Manager of the underlying ETF
Manager of the underlying ETF
iShares J.P. Morgan $ EM Bond UCITS ETF
Benchmark index provider
Benchmark index provider
J.P. Morgan EMBI Global Diversified Core
Custodian of the underlying ETF
Custodian of the underlying ETF
Assets of the underlying ETF, held in custody
Issuer of USDC, the liquidity reserve
Issuer of USDC, the liquidity reserve
USDC, held for instant redemptions
Manager of the underlying ETF
iShares J.P. Morgan $ EM Bond UCITS ETF
Benchmark index provider
J.P. Morgan EMBI Global Diversified Core
Custodian of the underlying ETF
Assets of the underlying ETF, held in custody
Issuer of USDC, the liquidity reserve
USDC, held for instant redemptions
Service providers of the underlying ETF and of the stablecoin reserve. No affiliation with or endorsement of eRT is implied.
Sustainable yield,transparent fees.
US-dollar emerging-market government bonds through one BlackRock ETF. Minted and redeemed with stablecoins, 24/7/365.
Management fee of 0.20% a year. The ETF's own 0.45% expense ratio is already reflected in its NAV. No fee to mint or redeem.
- Eligibility
- Non-US persons, Regulation S
- Primary asset
- iShares J.P. Morgan $ EM Bond UCITS ETF (JPEA)
- Benchmark
- J.P. Morgan EMBI Global Diversified Core
- Liquidity
- 24/7/365 via USDC
- Structure
- Tokenized fund, accumulating
- Use cases
- Fixed-income allocation, yield-bearing collateral
- Currency
- US dollar
- Minimum mint
- $10K, instant, 0% fee
- Minimum redemption
- $10K, instant, 0% fee
- Management fee
- 0.20% a year
- Underlying ETF expenses
- 0.45% a year, inside the ETF NAV
- Reporting
- Daily, independent third-party administrator
Fund terms illustrative.2
Inside the underlying ETF.
616 US-dollar bonds from 30 emerging-market countries.
6.43%
Saudi Arabia
6.25%
Mexico
4.92%
Turkey
4.35%
Indonesia
3.94%
Brazil
3.66%
Poland
3.49%
Dominican Republic
3.48%
Philippines
3.43%
China
3.37%
Colombia
The ten largest of 30 countries make up 43.32% of the fund. Source: BlackRock, as of 1 October 2026.
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