JPMorgan to Launch MONY Fund with $100M Seed on Ethereum Network

TLDR JPMorgan has introduced a $100 million tokenized money-market fund, called MONY, on the Ethereum blockchain. The fund is limited to qualified investors, requiring a $1 million minimum investment and high net-worth thresholds. MONY operates via JPMorgan’s Kinexys and Morgan Money platforms, offering tokenized shares with daily dividend accrual. Subscriptions and redemptions are supported in [...]

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