JPMorgan Brings Tokenized Money Market Funds to Solana

J.P. Morgan Asset Management on October 23 made its two tokenized money market funds, MONY and JLTXX, available on Solana for qualified U.S. investors. Both funds previously ran only on Ethereum, making Solana their second network, Global FinTech Series reports.

Details

MONY (My OnChain Net Yield Fund) is a private placement under Rule 506(c). JLTXX (JPMorgan OnChain Liquidity Token Money Market Fund) is a U.S.-registered government money market fund. According to J.P. Morgan's release on the JLTXX launch, it went live on Ethereum on May 13, 2026 and is built in part to serve stablecoin issuers under the GENIUS Act. MONY launched in December 2025.

Investors subscribe and redeem through the Morgan Money platform, with token balances delivered to their on-chain addresses. "Our clients operate across more than one network, and their liquidity should too," said Paul Przybylski, global head of product for digital and tokenized assets at J.P. Morgan Asset Management. Fund assets on Solana were not disclosed; Genfinity and Bitcoin.com put the minimum investment at $1 million.

What it means for the market

For Solana, it is another step toward institutional use: after Solana DvP, a major bank is placing live cash-management products on the network, not a pilot. For banks, multi-chain access lets clients hold tokenized liquidity where they already operate.

It is not yet clear how much capital the funds will draw on the new network. More on the asset on the Solana page; for the bitcoin price see the daily briefing.