J.P. Morgan’s Bold Pawn Move: Ethereum the Money Market’s Secret Weapon?

In what can only be described as a startling coup de grâce as dramatic as a Charles Dickens novel, the proverbial money whale of institutional finance has lobbed its figurative anchor onto the blockchain with the unveiling of the My On-Chain Net Yield Fund (MONY). This Siamese venture, likened to a rather staid money market fund, elegantly sidesteps the tedium of traditional systems by donning its illustrious Ethereum badge with a side-smile from JPMorgan’s Kinexys platform. Shares pirouette through the digital ether, trading speedily without the drag of the old financial flummox that is the traditional clearing system.






