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0.000468647483363121 -0.00105883088074473 -0.000531133814477955 -0.000328053238353989 0.00428031368138221 -0.00096853813228357 0.000781079138938357 0.0014996719467617
Stock impact report

JPMorgan Taps Ethereum for Tokenized 'MONY' Fund [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
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 experimentation with digital assets, following the debut of its Kinexys Digital Assets platform a year ago. JPMorgan said its MONY fund is available on its Morgan Money platform. The bank said investors are able to earn a yield while holding the fund's associated token on-chain, mirroring the functionality of BlackRock's “BUIDL” fund. When BlackRock debuted its $1.8 billion fund last March, the Wall Street heavyweight also tapped Ethereum. JPMorgan said that the debut of its MONY fund underscores “the industry's growing shift toward tokenization of assets on public networks,” noting that money-market funds have historically provide Show less Read more
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