JPMorgan Launches $100M Tokenized Fund on Ethereum
JPMorgan's Tokenized Fund Launch: JPMorgan Chase has introduced a $100 million tokenized money market fund called My OnChain Net Yield Fund (MONY) on the Ethereum blockchain, allowing institutional clients to access traditional short-term debt instruments on-chain.
Investment Access and Requirements: The fund is available to qualified investors through the Morgan Money portal, with a minimum investment of $1 million and eligibility criteria including individual investments of at least $5 million or institutional investments of $25 million.
Operational Features: MONY operates fully on Ethereum's public network, providing daily liquidity and tokenized access, with returns paid and accrued daily, enhancing transparency and interoperability compared to previous private blockchain initiatives.
Tokenization and Digital Wallets: Investors receive tokenized fund shares stored in blockchain-compatible wallets, and subscriptions can be made using fiat currency or USDC, a stablecoin, marking a significant step in JPMorgan's integration of traditional finance with blockchain technology.
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Technical Analysis for JST
Technical Sentiment Analysis for JUST (JST) As of , JUST (JST) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for JST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, JST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JUST (JST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.033 | 0.0358 | 0.0385 | 0.0414 | 0.0441 | 0.0469 | 0.0497 |
| Fibonacci | 0.0358 | 0.0379 | 0.0392 | 0.0414 | 0.0435 | 0.0448 | 0.0469 |
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