Core Insights - JPMorgan Chase is launching an Ethereum-based tokenized money-market fund named My OnChain Net Yield Fund (MONY) with an initial capital of $100 million, targeting qualified investors with a minimum investment of $1 million [1][2] - The fund will be accessible to individuals with at least $5 million in assets and institutions with $25 million or more, available on the Morgan Money platform [1][2] - The launch of MONY reflects a broader industry trend towards asset tokenization on public networks, emphasizing liquidity, stability, and yield for investors [4] Investment Details - MONY requires a minimum investment of $1 million and is part of JPMorgan's ongoing exploration of digital assets, following the introduction of its Kinexys Digital Assets platform [2] - The fund allows investors to earn yield while holding the associated token on-chain, similar to BlackRock's BUIDL fund, which was launched with $1.8 billion last March [3] Industry Trends - JPMorgan's introduction of the MONY fund indicates a growing shift in the financial industry towards tokenization, with expectations that other Globally Systemically Important Banks (G-SIBs) will follow suit [4][5] - The bank's recent activities suggest a multi-chain strategy, including structured notes tied to Bitcoin and the issuance of commercial paper on Solana for Galaxy Digital [7]