JPMorgan Chase tokenized a money‑market fund on Ethereum, launching the My OnChain Net Yield Fund (MONY) as a private, on‑chain product for qualified investors per a media report.
MONY was seeded with $100 million and holds short‑term Treasuries and repos, according to a market update.
Investors subscribe via Morgan Money and can redeem in cash or USDC, per a press summary.
The move fits a broader wave of tokenized funds alongside BlackRock and Franklin Templeton noted in a coverage piece.
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