J.P. Morgan launches tokenized money market fund (JLTXX) on Solana for qualified U.S. investors via Morgan Money platform.
DeFi & Yields ·
J.P. Morgan Asset Management has made its tokenized money market funds available on Solana, offering qualified U.S. investors access to two products through the Morgan Money platform. The expansion includes My OnChain Net Yield Fund (MONY), a private placement fund launched in December 2025, and JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX), which is structured to support stablecoin issuers under the GENIUS Act. The Morgan Money platform lets investors subscribe, redeem, and manage positions across multiple blockchains through a single interface.
The move reflects a multi-chain strategy that addresses where institutional clients operate. MONY was the first tokenized money market fund launched on a public blockchain by a globally systemically important bank when it debuted in December 2025. By bringing both products to Solana, J.P. Morgan aims to serve stablecoin issuers and institutional investors seeking liquidity across on-chain networks without switching platforms.
What remains unclear is the size of assets deployed to these funds on Solana, the fee structures, or whether expansion to additional blockchains is planned. The timing and scale of adoption by stablecoin issuers and other qualified investors will signal whether this becomes a meaningful channel for the bank's tokenized cash management business.