J.P. Morgan Asset Management launches tokenised money market funds MONY and JLTXX on Solana blockchain, expanding institutional cash management beyond Ethereum.

DeFi & Yields · 2026-10-29

J.P. Morgan Asset Management has deployed two tokenised money market funds—MONY and JLTXX—onto the Solana blockchain, marking the second public network for these funds after Ethereum. The funds, available to qualified institutional and high-net-worth investors in the US, invest in short-term U.S. government securities and are designed to provide institutional-grade cash management and reserve backing for stablecoin issuers on Solana's network. The expansion demonstrates treatment of public blockchains as practical infrastructure for institutional cash positioning rather than experimental technology.

Previously on Telem

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