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-0.000218306564790426 0.000202713238733815 -0.00202713238733833 -0.00113332293778267 -0.00199594573522546 -0.00240137221269309 -0.00277561203804785 -0.00153937938562316
Stock impact report

JPMorgan Launches First Tokenized Money-Market Fund on Ethereum [Daily Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Daily Finance
The fund, called My OnChain Net Yield Fund (MONY) , is built on the Ethereum blockchain and seeded with $100 million from JPMorgan's own balance sheet . It allows institutional investors to hold tokenized shares of a traditional money-market fund directly on-chain, blending conventional cash management with blockchain infrastructure. With more than $4 trillion in assets under management , JPMorgan's move signals that tokenization is shifting from pilot programs into mainstream institutional finance. A traditional product, rebuilt on blockchain Money-market funds are among the most widely used low-risk investment products globally, holding an estimated $7.7 trillion in assets . They typically invest in short-term government securities, high-quality corporate debt, and repurchase agreements, offering liquidity and capital preservation. MONY mirrors that structure but changes how ownership and settlement work. Instead of traditional fund shares recorded through transfer agents Show less Read more
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