Browsing CategoryMoney Market Funds

This post was originally published on this site. J.P.Morgan Chase is pushing further into blockchain finance, this time with plans to roll out its first tokenized money market fund. According to the Wall Street Journal, the bank’s asset management arm will deploy the fund on Ethereum and seed it with…

This post was originally published on this site. Key Takeaways: J.P. Morgan Asset Management has launched its first tokenized money market fund, MONY, on Ethereum. The fund gives qualified investors on-chain access to U.S. Treasury-backed yields via tokens. The move marks the largest GSIB bank to bring a money market…

This post was originally published on this site.TLDR JPMorgan’s MONY fund introduces tokenized money market products on Ethereum. MONY offers real-time transparency and faster transactions for investors. Tokenized money market funds hit $9B in assets, showing rising demand. JPMorgan’s MONY fund opens up blockchain investment with $1M minimum. JPMorgan leads…

This post was originally published on this site. Advertisement &nbsp &nbsp JPMorgan Chase, a global bank with $4 trillion in assets under management, is pushing deeper into blockchain-based finance with the rollout of a tokenized money-market fund on Ethereum, amid increasing demand from institutional customers. The move marks JPMorgan’s first…