Key Takeaways
- • Remittix plans to burn 300 million RTX tokens at launch, removing 20% of its original supply and reducing the total from 1.5 billion to 1.2 billion ahead of a November 24, 2026 market debut, according to a GlobeNewswire press release.
- • Remittix reports it has raised $33 million from more than 40,000 participants toward a $36 million hard cap, with $3 million remaining; RTX is listed at $0.28 in presale against an announced $0.46 final presale stage and minimum exchange launch price.
- • J.P. Morgan Asset Management made its MONY and JLTXX tokenized money market funds available on Solana to qualified U.S. investors through Morgan Money.
- • The release presents the JPMorgan development as supporting a $300 Solana price scenario; this is promotional content issued by Remittix and its claims have not been independently verified.
Summary
Remittix, a PayFi project connecting supported cryptocurrencies with conventional banking, has announced plans to burn 300 million RTX tokens at launch, according to a press release distributed by GlobeNewswire from Majuro, Marshall Islands. The burn would remove 20% of the original 1.5 billion token supply, leaving 1.2 billion tokens, as the project approaches its scheduled November 24, 2026 market debut. The company states it has raised $33 million from more than 40,000 participants toward a $36 million hard cap. The release describes RTX as available at $0.28 in presale, ahead of a $0.46 final presale stage and minimum exchange launch price, which it characterizes as an approximately 64% scheduled price increase.
The release outlines several product initiatives. Remittix plans to add 41 fiat currencies to its PayFi offering, with initial testing supporting EUR and USD routes using USDT and USDC across Ethereum, Celo, Base and Polygon, and 1,000 community holders invited to participate. The ecosystem also includes an iOS wallet with more than 10,000 downloads, Remittix Markets, which the company says has processed over $50 million in perpetual trading volume, and Remittix Earn, which is preparing a 100-person testing program targeting 18–22% APY with weekly payouts. These figures are company-reported and were not independently verified in the release.
Separately, J.P. Morgan Asset Management announced that its MONY and JLTXX tokenized money market funds are available on Solana to qualified U.S. investors, accessible through Morgan Money. The release ties this development to a $300 Solana price prediction, arguing that institutional fund access adds a concrete use case to the network's adoption case. Analysts and investors would note that the release itself is issuer-produced promotional material, and the price scenario it references is speculative and not a forecast from J.P. Morgan or any independent source. The disclaimer accompanying the release notes that crypto investments carry significant risk, including the potential loss of all capital.
The release outlines several product initiatives. Remittix plans to add 41 fiat currencies to its PayFi offering, with initial testing supporting EUR and USD routes using USDT and USDC across Ethereum, Celo, Base and Polygon, and 1,000 community holders invited to participate. The ecosystem also includes an iOS wallet with more than 10,000 downloads, Remittix Markets, which the company says has processed over $50 million in perpetual trading volume, and Remittix Earn, which is preparing a 100-person testing program targeting 18–22% APY with weekly payouts. These figures are company-reported and were not independently verified in the release.
Separately, J.P. Morgan Asset Management announced that its MONY and JLTXX tokenized money market funds are available on Solana to qualified U.S. investors, accessible through Morgan Money. The release ties this development to a $300 Solana price prediction, arguing that institutional fund access adds a concrete use case to the network's adoption case. Analysts and investors would note that the release itself is issuer-produced promotional material, and the price scenario it references is speculative and not a forecast from J.P. Morgan or any independent source. The disclaimer accompanying the release notes that crypto investments carry significant risk, including the potential loss of all capital.
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