JPMorgan launches tokenized money market funds on Solana

JPMorgan Asset Management has expanded its tokenized money market funds, MONY and JLTXX, onto the Solana blockchain, making them available to qualified U.S. investors via the Morgan Money platform. Building on an earlier Ethereum deployment, MONY operates as a private placement yield fund, while JLTXX provides U.S.-registered government fund options for stablecoin issuers under the GENIUS Act. The move strengthens Solana's institutional footprint.

JPMorgan Solana fund launch

• ▪JPMorgan Asset Management reported $4.8 trillion in total assets under management as of September 30, 2026
• ▪JPMorgan Asset Management expanded two tokenized money market funds, MONY and JLTXX, onto the Solana blockchain on October 22, 2026
• ▪JPMorgan Asset Management previously launched both tokenized money market funds, MONY and JLTXX, on the Ethereum network prior to their expansion to Solana

MONY fund structure

• ▪My OnChain Net Yield Fund (MONY) is structured as a Rule 506(c) private placement investment product
• ▪My OnChain Net Yield Fund (MONY) launched in December 2025 as a tokenized money market fund offering U.S. dollar yields to eligible investors

JLTXX government money market

• ▪JPMorgan Asset Management invested $100 million of its own capital into JLTXX when the fund launched on Ethereum in May 2026
• ▪JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX) is a U.S.-registered government money market fund created to assist stablecoin issuers with reserve management under the GENIUS Act, the U.S. stablecoin legislation

Morgan Money platform integration

• ▪JPMorgan's Morgan Money platform allows institutional investors to oversee tokenized blockchain assets across multiple networks through a single interface
• ▪Qualified U.S. investors access MONY and JLTXX through JPMorgan's Morgan Money platform, which manages subscriptions, redemptions, and token balances

Solana institutional adoption growth

• ▪Solana traded near $103 on October 23, 2026, while Standard Chartered projected a potential year-end price target of $250 for the native SOL token
• ▪JPMorgan Asset Management global head of product Paul Przybylski stated that expanding tokenized funds, MONY and JLTXX, across multiple blockchains provides institutional investors and stablecoin issuers multi-network access