J.P. Morgan Launches First Tokenized Money Market Fund on Ethereum, Bringing $4T Giant On-Chain
Key Takeaways:J.P. Morgan Brings Money Market Funds to Public BlockchainsHow MONY Works and What It Offers InvestorsOn-Chain Yield Meets Institutional LiquidityEthereum as the Backbone of Tokenized Financial Products
It is significant that MONY is deployed on Ethereum. Ether is still the leader of blockchains of tokenized real world assets, including stablecoins, tokenized treasuries, and institutional settlement pilots. The size of the Ethereum developer ecosystem, the well-developed tooling, and the long-standing security track record make it the solution of choice among banks that want to experiment with on-chain financial products. In the case of J.P. Morgan, wider interoperability is also possible with a public blockchain than with a private ledger, despite the lack of availability to the fund itself. Read More: JPMorgan’s Kinexys Enters New Phase as Marex Launches First Real-Time Blockchain Settlements The rationale behind this launch is in line with a larger trend of traditional asset managers exploring public blockchains not as speculative environments, but as financial infrastructural layers.About Author
