🚨 US Crypto News | A Major Institutional Signal for Ethereum
Good morning, crypto community ☕
Wall Street has just sent a strong message — blockchain is no longer an experiment, it’s becoming infrastructure.
JPMorgan, one of the world’s largest financial institutions, has officially launched its first tokenized money market fund on the Ethereum blockchain.
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🔹 JPMorgan Brings Money Markets On-Chain
JPMorgan Asset Management has introduced My OnChain Net Yield Fund (MONY), a private money market fund built on Ethereum.
Key highlights:
JPMorgan is seeding the fund with $100 million of its own capital
Designed for institutions and high-net-worth investors
$1 million minimum investment
Investors receive digital tokens representing fund ownership
This move brings traditional money market exposure directly onto blockchain rails — without changing the familiar yield structure.
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🔹 Real Client Demand, Not a Test
According to JPMorgan executives, the launch is driven by strong client demand for tokenized financial products, confirming that tokenization is becoming a core part of modern finance.
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🔹 Tom Lee Calls It “Bullish for ETH”
Fundstrat co-founder Tom Lee reacted to the news by calling it “bullish for Ethereum.”
Why?
Increased real-world transaction activity
Greater smart contract usage
Deeper integration of Ethereum into global financial systems
Ethereum is increasingly positioning itself as the settlement layer for regulated financial products.
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🔹 JPMorgan vs BlackRock: A Bigger Trend
BlackRock’s tokenized fund BUIDL has already crossed $1.8B in assets, and now JPMorgan’s Ethereum-based fund strengthens a clear trend:
👉 Traditional finance is converging with blockchain
Tokenization allows faster settlement, programmability, and improved transparency — while helping TradFi compete with stablecoins.
