🚨 NEW: JPMorgan launches a tokenized MONY money market fund on Ethereum.

The future of finance is onchain.

It sits on their Kinexys platform and lets institutional clients swap between tokenized deposits (JPMD) and money market yield — 24/7, instant, onchain.

That's the sweep account, rebuilt from scratch to work globally, 24/7.

Traditional sweep accounts move idle cash into money funds overnight, then back in the morning. Batch-processed. Timezone-dependent. Multiple intermediaries.

JPMorgan just made that atomic.

A treasurer sitting on $500M can put that cash to work at 11pm Saturday and pull it back at 6am Sunday. No wire windows. No T+1.

The USDC angle is interesting too — subscriptions and redemptions work in USDC, not just fiat. JPMorgan treating Circle's rails as production infrastructure says something about where stablecoins sit now.

$100M seed capital.$ 1M minimum investment. Institutional-only for now.

Every corporate treasurer will want this

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