Post #8791

🏦 JPMorgan launches an onchain money market fund on Ethereum J.P. Morgan Asset Management is rolling out MONY, a money market fund operating directly on Ethereum, seeded with $100M of the firm’s own capital before opening to outside investors. ➡️ JPMorgan manages roughly $4T in client assets ➡️ Fund shares are issued and tracked onchain via the Kinexys platform ➡️ Enables faster settlement, continuous issuance, and redemptions ➡️ Maintains a traditional money market focus on liquidity and capital preservation ➡️ Access is limited to large investors with a $1M minimum investment Large institutions are not starting onchain with risky products. They are moving the most conservative instruments first, where efficiency gains are immediate. ✅Subscribe to@cryp