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The New-York based bank on Monday debuted the My OnChain Net Yield Fund, or MONY, a private fund supported by JPMorgan’s tokenization platform, Kinexys Digital Assets. MONY, open to qualified investors, allows them to earn yield while holding the token on the blockchain.
“Tokenization can fundamentally change the speed and efficiency of transactions, adding new capabilities to traditional products,” wrote John Donohue, head of global liquidity at J.P. Morgan Asset Management.
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