JPMorgan has launched its first symbolic money market fund on the Ethereum blockchain, named My OnChain Net Yield Fund (MONY), with an initial investment of 100 million USD.

This move aligns with the trend of major financial institutions such as BlackRock and Franklin Templeton developing blockchain-based financial products.

MONY aims to provide benefits similar to traditional money market funds while leveraging the advantages of blockchain, such as faster settlement times and real-time ownership visibility.

Investors can redeem shares with cash or USDC stablecoin. This initiative reflects JPMorgan's commitment to expanding its business in the evolving OnChain financial space. #摩根大通 #加密市场观察