Author: Editorial Office CVJ.CH

The CVJ editorial staff consists of a team of Blockchain experts and informs daily and independently about the most exciting news.

JP Morgan Asset Management has launched its first tokenized money market fund on the public Ethereum blockchain. The “My OnChain Net Yield Fund” (MONY) starts with initial capital of USD 100 million, marking a significant step in institutional blockchain adoption. As the world’s largest global systemically important bank (GSIB), JP Morgan is the first institution in this category to offer a tokenized money market fund on a public blockchain. The fund is available to qualified investors with a minimum investment of USD 1 million. Subscriptions and redemptions can be made in both US dollars and USDC, the stablecoin issued by…

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