Launch of MONY Fund: JPMorgan has introduced its first tokenized money-market fund, My OnChain Net Yield Fund (MONY), built on the Ethereum blockchain and seeded with $100 million from the bank's internal capital.
Investment Requirements: The fund targets qualified investors, requiring a minimum investment of $1 million, with individual investors needing $5 million in assets and institutions $25 million.
Blockchain Benefits: MONY offers daily yield and transparency through the Kinexys platform, allowing users to subscribe using cash or USDC, while investing in short-term debt instruments.
Market Context: The launch aligns with growing demand for tokenized financial products and follows regulatory clarity from the Genius Act, indicating JPMorgan's commitment to blockchain innovation in asset management.
Wall Street analysts forecast ETH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ETH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast ETH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ETH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 28.610
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Averages
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Current: 28.610
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
