JPMorgan Chase Launches Ethereum-Based Money Market Fund for Qualified Investors
- The My OnChain Net Yield Fund (MONY) launches today, targeting qualified investors.
- MONY invests exclusively in U.S. Treasury securities and repurchase agreements.
- Investors can access the fund via the Morgan Money platform, using cash or stablecoins.
- This marks JPMorgan as the first systemically important bank to offer a product on a public network.
JPMorgan Asset Management, managing $4 trillion in assets, aims to enhance investment solutions through technology and active management. The fund’s structure allows for daily dividend reinvestment, providing flexibility for investors navigating today’s financial landscape.
The launch of MONY underscores JPMorgan’s commitment to innovation in finance while catering to institutional investor needs with U.S. dollar yields from secure investments. (Source)
