tldr; JPMorgan Chase has launched MONY, a tokenized money market fund on Ethereum, marking a significant shift in Wall Street’s approach to blockchain technology. MONY allows qualified investors to earn yield on short-term US Treasuries with daily payouts recorded on-chain, enabling near real-time settlement and programmable ownership. This move signals the growing adoption of tokenized finance by major institutions, despite current limitations like restricted access for retail investors and limited secondary market liquidity. The initiative highlights blockchain’s potential to transform financial systems.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
BTC_is_waterproof on
Good news for ETH.
nopy4 on
Where are those who constantly said here that corporations will use their own blockchains?
Suck my bags!
n4spd2 on
Shitty company in a shitty industry involved with Shitcoins
4 Comments
tldr; JPMorgan Chase has launched MONY, a tokenized money market fund on Ethereum, marking a significant shift in Wall Street’s approach to blockchain technology. MONY allows qualified investors to earn yield on short-term US Treasuries with daily payouts recorded on-chain, enabling near real-time settlement and programmable ownership. This move signals the growing adoption of tokenized finance by major institutions, despite current limitations like restricted access for retail investors and limited secondary market liquidity. The initiative highlights blockchain’s potential to transform financial systems.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Good news for ETH.
Where are those who constantly said here that corporations will use their own blockchains?
Suck my bags!
Shitty company in a shitty industry involved with Shitcoins