JP Morgan, the largest US bank, will launch a tokenized fund on the Ethereum network this Tuesday, December 15th.
The financial product is called My OnChain Net Yield Fund (MONY) and is available to eligible customers of banks, individuals with investments of $5 million or more, and institutions with a minimum of $25 million.
JP Morgan Provides $100 million of equity capital as initial investmentas reported.
The fund is backed by the company’s tokenization platform, Kinexys Digital Assets, and actually functions as a money market fund (money market).
MONY invests in short-term bonds with the aim of generating daily interest, replicating the logic of these traditional products, but with a digitalized and tokenized structure.
Furthermore, investors Option to withdraw your holdings in both cash and USDC stablecoinsas long as you meet the minimum investment of $1 million.
With this launch, the Ethereum network continues to stand out as one of the key players in the tokenization of real-world assets. at the moment, Over $18.61 billion in tokenized assets hosted in the ecosystem created by Vitalik Buterinas shown below:
JPMorgan’s entry into the Real World Asset (RWA) tokenization industry joins other large traditional financial institutions.
As reported by CriptoNoticias, Franklin Templeton was one of the pioneers Launching BENJI Fund in 2021while BlackRock did the same after announcing BUIDL in 2024.
