JPMorgan tokenized a money market fund and launched it on the Ethereum mainnet.
The fund holds US Treasurys and Treasury-backed repos, with daily dividend reinvestment.
Public Ethereum places MONY alongside stablecoins, tokenized treasuries and existing onchain liquidity.
Now the focus shifts to collateral use, secondary transfers and whether other major banks follow.
JPMorgan Asset Management has placed a very traditional product on the Ethereum blockchain: a tokenized money market fund called the My OnChain Net Yield Fund (MONY).
