JPMorgan Rolls Out Tokenized Money Market Fund on Ethereum

Core Insights - JPMorgan Chase is expanding its involvement in blockchain technology by launching its first tokenized money market fund on the Ethereum platform [1] - The new fund, named "MONY," has an initial capital of $100 million and is designed for qualified investors [1] - Investors in the MONY fund have the option to redeem their shares for cash or USDC, a stablecoin pegged to the US dollar [1]