J.P. Morgan Asset Management (NYSE: JPM) announced that its tokenized money market funds—My OnChain Net Yield Fund (MONY) and JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX)—are now accessible on the Solana blockchain for qualified U.S. investors.
This multi-chain expansion, facilitated through the firm’s Morgan Money platform, strengthens its on-chain cash management capabilities and broadens options for institutional clients seeking dollar-based yields and liquidity solutions in digital form.
The development marks a notable step for traditional finance on public networks.
When MONY first launched in December 2025, J.P. Morgan became the largest global systemically important bank (GSIB) to introduce a tokenized money market fund on a public blockchain.
The firm oversees approximately $4.8 trillion in assets under management as of September 30, 2026, underscoring the scale behind the initiative.
MONY operates as a Rule 506(c) private placement, allowing eligible qualified purchasers and accredited investors to pursue U.S. dollar yields via tokenized shares.
JLTXX, by contrast, is a U.S.-registered government money market fund structured to invest in a manner intended to meet reserve-asset needs for stablecoin issuers under the GENIUS Act.
It focuses on short-term U.S. Treasury securities and fully collateralized overnight repurchase agreements, targeting a stable $1.00 net asset value.Access occurs exclusively through Morgan Money, J.P. Morgan Asset Management’s open-architecture platform for institutional liquidity management.
Qualified investors can subscribe to or redeem shares on the platform and receive corresponding token balances directly at their blockchain addresses.
This single-interface approach aims to provide a consistent experience as clients increase activity across multiple networks.
The Solana (SOL) token addresses that have been published by the firm are EToDtBM2knZ8N1BHyUq2Riq5ngWTcoD3k6qpsgf7CKYY for MONY and J4cTuCH6frt4AnEmKfMS2k8hsUf7K94PV62sjUJno8Cz for JLTXX.
Paul Przybylski, Global Head of Product for Digital and Tokenized Assets at J.P. Morgan Asset Management, highlighted the client-driven rationale: “Our clients operate across more than one network, and their liquidity should too. Bringing JLTXX and MONY to Solana gives stablecoin issuers and institutional investors access to the same funds, across the on-chain networks where they operate.
This launch builds on our position as one of the leaders in tokenized liquidity and underscores our commitment to scaling tokenized cash management through multi-chain channels.”
The funds previously operated primarily on Ethereum.
Expanding to Solana reflects growing institutional interest in public blockchains that offer high throughput and low transaction costs for cash-management and settlement use cases.
While the tokens provide a blockchain-based representation of fund ownership, legal title remains governed by traditional transfer-agent records.
Standard money-market-fund risks apply, including the possibility of loss of principal, as the vehicles are not bank deposits and are not FDIC-insured.
Blockchain-specific considerations—such as network congestion, smart-contract issues, or regulatory changes—are also noted in offering materials.
For investors meeting the eligibility criteria (generally qualified purchasers and accredited investors for MONY, with a typical $1 million minimum for JLTXX), the products offer a regulated pathway to on-chain cash management.
The move continues a broader trend of major asset managers tokenizing short-duration fixed-income products to improve operational efficiency and interoperability with digital-asset ecosystems.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
