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Key takeaways
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JPMorgan tokenized a money market fund and launched it on the Ethereum mainnet.
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The fund holds US Treasurys and Treasury-backed repos, with daily dividend reinvestment.
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Public Ethereum places MONY alongside stablecoins, tokenized treasuries and existing onchain liquidity.
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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).
It…
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