JPMorgan to Launch Tokenized Money-Market Fund on Ethereum Seeding $100M in Capital: WSJ

JPMorgan Chase’s $4 trillion asset-management division is launching its first tokenized money-market fund on the Ethereum blockchain, according to a Wall Street Journal report. The bank will initially seed the vehicle with $100 million of its own capital before opening it to external investors from Tuesday. JPMorgan Brings Money Markets Onchain According to the WSJ report the private fund, called the My OnChain Net Yield Fund — or “MONY” — is built on JPMorgan’s in-house tokenization platform, Kinexys ...