JPMorgan Launches Tokenized Money Market Fund on Ethereum

[cryptoenthusiast]

JPMorgan is deepening its push into tokenized finance with the launch of its first on-chain money market fund. The My OnChain Net Yield Fund (MONY) is live on the public Ethereum blockchain via the bank’s Kinexys Digital Assets platform, giving qualified investors blockchain-based access to US dollar yields.

[Nahid Hossen]

Ethereum keeps proving it’s the institutional settlement layer.

[Abdul Khan]

This is a major signal for real-world asset adoption.