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JPMorgan Taps Ethereum for Tokenized 'MONY' Fund
Yahoo Finance· 2025-12-15 23:10
JPMorgan Chase will begin offering an Ethereum-based, tokenized money-market fund to qualified investors this week, according to a Monday press release. The private fund, dubbed My OnChain Net Yield Fund, or “MONY,” will be seeded with $100 million of the bank’s capital before it can be accessed on Tuesday by individuals with at least $5 million in assets or institutions with $25 million or more, the bank said. MONY, which requires an investment of at least $1 million, represents JPMorgan’s continued exper ...