[JPMorgan Launches First Ethereum-Based Tokenized Money Market Fund] Foresight News reports, according to the Wall Street Journal, JPMorgan is further expanding into the crypto space. Its asset management division will launch the first tokenized money market fund based on the Ethereum blockchain. The fund is named 'My OnChain Net Yield Fund,' abbreviated as 'MONY.' JPMorgan will inject $100 million of its own capital into the fund, which will be open to eligible investors. Investors must have at least $5 million in investments or institutions must hold at least $25 million in assets. Additionally, the minimum investment threshold is $1 million. Investors can subscribe to the fund through JPMorgan's Morgan Money platform and receive digital tokens in their crypto wallets.