JPMorgan launches its first tokenized money market fund
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Jinse Finance reported, citing The Wall Street Journal, that JPMorgan has officially launched its first tokenized money market fund, "My OnChain Net Yield Fund" (abbreviated as MONY). This private fund will operate on the Ethereum blockchain and is open to qualified investors. JPMorgan will inject $100 millions of its own capital into the fund as seed funding.
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