JPMorgan has introduced a $100 million tokenized money market fund on the Ethereum blockchain, named My OnChain Net Yield Fund (MONY). The fund, developed by the bank's asset management division, will be available to qualified investors starting this week. Participants in the fund can choose to redeem their shares in either cash or USDC. The MONY fund is built on JPMorgan's Kinexys Digital Assets platform, marking a significant step in the bank's digital asset strategy. This initiative could set a precedent for future onchain financial products and potentially influence broader market trends in institutional cryptocurrency adoption.