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J.P. Morgan Launches $MONY on Ethereum - Wall Street's Gated On-Chain Club
J.P. Morgan, the world's largest bank, is now live on Ethereum with My OnChain Net Yield Fund ($MONY) tokenized US Treasury yields with USDC redemptions, running on public mainnet. Years after CEO Jamie Dimon called Bitcoin a "pet rock," they're now tokenizing cash equivalents—ironic pivot complete. But it's isolated: $1M+ minimums, accredited investors only via KYC-gated Securitize Markets. Public blockchain, private club—retail sees tokens on-chain but can't buy. Tokenization ≠ democratization.
#JPMonChain
$ETH
J.P. Morgan, the world's largest bank, is now live on Ethereum with My OnChain Net Yield Fund ($MONY) tokenized US Treasury yields with USDC redemptions, running on public mainnet. Years after CEO Jamie Dimon called Bitcoin a "pet rock," they're now tokenizing cash equivalents—ironic pivot complete. But it's isolated: $1M+ minimums, accredited investors only via KYC-gated Securitize Markets. Public blockchain, private club—retail sees tokens on-chain but can't buy. Tokenization ≠ democratization.
#JPMonChain
$ETH
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