JPMorgan Chase has launched its inaugural tokenized money market fund. 🏦

This fund, named My OnChain Net Yield Fund (MONY), operates on the Ethereum blockchain. It went live with $100 million in initial capital from the bank's asset management division.

Client demand for tokenization was the primary driver behind this significant launch. John Donohue, head of global liquidity at J.P. Morgan Asset Management, highlighted the substantial client interest in this emerging technology.

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