J.P. Morgan Asset Management Launches MONY Money Market Fund Using Ethereum Settlement

A new money market fund called My On-Chain Net Yield Fund (MONY) has been launched by J.P. Morgan Asset Management, using Ethereum as its settlement layer with shares issued and tracked on the Kinexys platform. The fund targets capital preservation and liquidity for large investors while offering faster settlement, continuous issuance and redemptions, and more efficient ownership transfers. Commentators also highlight Ethereum as a global, neutral economic coordination layer whose value extends beyond cash flow-based models.