JPMorgan Pioneers Tokenized Fund on Ethereum, Merging Wall Street with Blockchain
JPMorgan Asset Management, a global leader in financial services, has launched a groundbreaking tokenized money-market fund built directly on the public Ethereum blockchain. This strategic move signifies a major step in bridging traditional finance with the burgeoning digital asset ecosystem.
The innovative fund, officially named My OnChain Net Yield Fund (MONY), issues its shares as digital tokens. These tokens reside on the Ethereum network, designed to provide qualified investors with unprecedented access and efficiency through the bank’s established Morgan Money platform.
MONY: A New Era for Cash Management
At its core, MONY is structured around familiar, low-risk financial instruments. Its portfolio primarily comprises highly liquid U.S. Treasury securities and repurchase agreements fully backed by Treasuries, ensuring stability and security for investors.
What sets MONY apart is its digital architecture. The token shares represent direct ownership of the fund, enabling them to be held at blockchain addresses. This fundamental shift facilitates on-chain settlement and recordkeeping, streamlining processes that traditionally rely on complex, multi-party custody systems.
JPMorgan’s Strategic Commitment and Operational Insight
Demonstrating a profound commitment
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