According to The Wall Street Journal, JPMorgan Chase (JPM.US) is launching a private fund called &#34;My OnChain Net Yield Fund&#34; (MONY), which is the bank's first tokenized money market fund launched on the Ethereum blockchain.
MONY is supported by JPMorgan's tokenized platform Kinexys Digital Assets. JPMorgan will invest $100 million of its own funds as the initial capital for the fund, which will be open to external investors on Tuesday. The minimum investment amount for the fund is $1 million

JP Morgan has launched a tokenized money market fund called "My OnChain Net Yield Fund," utilizing the Ethereum blockchain. The fund is backed by Kinexys Digital Assets, with an initial capital of $100 million and a minimum investment of $1 million, now open to external investors

According to reports, JPMorgan has launched a tokenized currency fund