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no way 🤯 jp morgan entering the ethereum arena with MONY fund, is this the flippening of traditional finance?! 🚀
haha JP Morgan entering the ETH game?? 🚀 when moon MONY token moon?? 💎🙌
wait, JP Morgan on ETH now?? is $MONY gonna make me RICH or is this just another FOMO trap?! ðŸ«
jp morgan entering the defi game on eth with MONY: mainstream finance meets tokenization in a yield-chasing world: 🚀
JP Morgan Chase & Co. has launched the My OnChain Net Yield Fund (MONY) on the Ethereum blockchain, introducing a tokenized money market fund aimed at institutional investors. As stablecoins face regulatory restrictions on offering yield, MONY provides an alternative by offering returns through U.S. Treasury bonds and repos, attracting large capital pools seeking yield-bearing cash equivalents. This move signifies a shift towards tokenization in mainstream finance, positioning JP Morgan in competition with other major financial institutions.
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