Key Takeaways
- • J.P. Morgan Asset Management has extended its tokenised money market funds, MONY and JLTXX, to the Solana blockchain, making them available to qualified investors in the US.
- • The Solana launch adds a second public network alongside Ethereum for the firm's tokenised cash management platform and marks the first time the funds are available beyond Ethereum.
- • JLTXX is a US registered government money market fund structured to support stablecoin issuers under the GENIUS Act, enacted in July 2025, and invests only in US Treasury securities and overnight repurchase agreements.
- • J.P. Morgan Asset Management invested USD 100 million in JLTXX at its May 2026 Ethereum launch, with additional participation from Anchorage Digital.
- • Investors access both funds through the Morgan Money platform, which lets them subscribe, redeem, and hold token balances at their blockchain addresses.
Summary
J.P. Morgan Asset Management has extended its tokenised money market funds to the Solana blockchain, according to The Paypers. The My OnChain Net Yield Fund (MONY) and the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX) are now available on Solana to qualified investors in the United States, adding a second public network to the firm's tokenised cash management platform alongside Ethereum.
The two funds serve different investor needs. MONY is a 506(c) private placement fund that allows qualified investors to earn US dollar yields. J.P. Morgan Asset Management launched MONY on the public Ethereum blockchain on 15 December 2025, using Kinexys Digital Assets, the firm's asset tokenisation solution. JLTXX is a US registered government money market fund designed to invest in a way that supports stablecoin issuers under the GENIUS Act, the US federal stablecoin law enacted in July 2025. It launched on Ethereum on 13 May 2026, investing only in US Treasury securities and overnight repurchase agreements. At launch, J.P. Morgan Asset Management invested USD 100 million in the fund, with additional participation from Anchorage Digital.
Both funds are accessed through Morgan Money, the firm's open-architecture trading and analytics platform for liquidity management. Through a single platform, qualified investors can subscribe to and redeem from the tokenised funds and receive token balances at their blockchain addresses. The firm says this gives clients a consistent experience as they extend tokenised activity across several networks.
Paul Przybylski, Global Head of Product, Digital and Tokenized Assets at J.P. Morgan Asset Management, said clients operate across more than one network and their liquidity should do the same. He said bringing JLTXX and MONY to Solana gives stablecoin issuers and institutional investors access to the same funds on the onchain networks where they operate, and supports the firm's plans to scale tokenised cash management through multi-chain channels.
For stablecoin issuers that hold or operate tokens on Solana, the expansion means a GENIUS Act-oriented reserve fund is now available on the same network. For institutional investors, it adds another chain on which they can hold tokenised money market fund shares without leaving the Morgan Money platform.
The two funds serve different investor needs. MONY is a 506(c) private placement fund that allows qualified investors to earn US dollar yields. J.P. Morgan Asset Management launched MONY on the public Ethereum blockchain on 15 December 2025, using Kinexys Digital Assets, the firm's asset tokenisation solution. JLTXX is a US registered government money market fund designed to invest in a way that supports stablecoin issuers under the GENIUS Act, the US federal stablecoin law enacted in July 2025. It launched on Ethereum on 13 May 2026, investing only in US Treasury securities and overnight repurchase agreements. At launch, J.P. Morgan Asset Management invested USD 100 million in the fund, with additional participation from Anchorage Digital.
Both funds are accessed through Morgan Money, the firm's open-architecture trading and analytics platform for liquidity management. Through a single platform, qualified investors can subscribe to and redeem from the tokenised funds and receive token balances at their blockchain addresses. The firm says this gives clients a consistent experience as they extend tokenised activity across several networks.
Paul Przybylski, Global Head of Product, Digital and Tokenized Assets at J.P. Morgan Asset Management, said clients operate across more than one network and their liquidity should do the same. He said bringing JLTXX and MONY to Solana gives stablecoin issuers and institutional investors access to the same funds on the onchain networks where they operate, and supports the firm's plans to scale tokenised cash management through multi-chain channels.
For stablecoin issuers that hold or operate tokens on Solana, the expansion means a GENIUS Act-oriented reserve fund is now available on the same network. For institutional investors, it adds another chain on which they can hold tokenised money market fund shares without leaving the Morgan Money platform.
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