J.P. Morgan Asset Management now allows qualified U.S. investors to access the tokenized money market funds MONY and JLTXX on Solana through the Morgan Money platform. MONY is a private placement subject to SEC Rule 506(c) and is intended for eligible investors, while JLTXX is a registered U.S. government money market fund used for cash management by stablecoin issuers and others. Both funds represent interests in investment funds rather than bank deposits insured by the FDIC, even though their shares generally target a stable value of $1. The expansion is intended to facilitate subscriptions and redemptions across multiple networks without changing the funds’ investment objectives, regulatory status, or access restrictions.
Source: Read the original article
