J.P. Morgan drops first tokenised money fund on Ethereum

J.P. Morgan has launched MONY, a $100 million tokenised money market fund built directly on the public Ethereum network.

The move makes the world’s largest systemic bank the biggest institution yet to put a live investment product on a public blockchain.

But with BlackRock and Franklin Templeton racing into the same space, investors are watching to see which giant shapes the first mainstream wave of tokenised finance.