JPMorgan Chase’s investment management arm has formally launched two tokenized money market funds on the Solana blockchain: My OnChain Net Yield Fund (MONY) and JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX). Available to qualified U.S. investors through Morgan Money, the funds allow subscriptions and redemptions with tokens delivered to investors’ blockchain addresses. MONY, launched on Ethereum in December 2025, is a private-placement fund offering U.S. dollar yields, while JLTXX is a U.S.-registered government money market fund designed to support stablecoin issuers’ reserve management. JLTXX was first launched on Ethereum in May 2026, when JPMorgan invested $100 million of its own funds. JPMorgan Asset Management had $4.8 trillion in assets under management as of September 30, 2026, but the bank has not disclosed capital allocations for either fund on Solana.
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