--- title: "JPMorgan Expands Tokenized Money Market Funds MONY and JLTXX to Solana" description: "Qualified U.S. institutional investors can now mint and redeem tokenized cash management shares directly on the Solana network via Morgan Money." url: https://basisdesk.news/news/jpmorgan-asset-management-expands-tokenized-funds-solana published: 2026-10-22T16:07:17.862Z modified: 2026-10-22T16:07:17.862Z section: RWA & Tokenization author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [SOL] tags: [tokenization, money-market-funds, solana, jpmorgan, institutional-crypto] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # JPMorgan Expands Tokenized Money Market Funds MONY and JLTXX to Solana Qualified U.S. institutional investors can now mint and redeem tokenized cash management shares directly on the Solana network via Morgan Money. ## At a glance - **What happened:** J.P. Morgan Asset Management made its tokenized money market funds, MONY and JLTXX, available on Solana for qualified U.S. investors on Oct. 22, 2026. - **Why it matters:** Enables institutional investors and stablecoin issuers operating under the GENIUS Act to settle cash reserves natively on Solana. - **Who is affected:** Qualified U.S. institutional investors, stablecoin issuers, and users of the Morgan Money trading platform. - **Takes effect:** 2026-10-22 - **What's next:** Qualified participants can immediately initiate subscriptions and redemptions to Solana wallet addresses via Morgan Money. - **Status:** announced - **Primary source:** [J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solana](https://www.prnewswire.com/news-releases/jp-morgan-asset-management-expands-access-to-its-tokenized-money-market-funds-on-solana-302917188.html) — PR Newswire ## Key points - J.P. Morgan Asset Management launched tokenized money market funds MONY and JLTXX on Solana on Oct. 22, 2026. - MONY is a Rule 506(c) private fund, while JLTXX is a registered fund designed to support stablecoin reserves under the GENIUS Act. - Subscriptions and redemptions settle to Solana wallet addresses directly through the Morgan Money institutional platform. ## Editorial remark - **Context:** JPMorgan debuted MONY in December 2025, becoming the first global systemically important bank to launch a tokenized money market fund on a public blockchain. - **Impact:** Qualified U.S. institutional investors and regulated stablecoin issuers gain native yield-bearing dollar settlement and cash management instruments on Solana. - **Watch:** Subsequent asset deployments by Wall Street managers across alternative Layer-1 blockchains and institutional adoption metrics for the GENIUS Act reserve framework. J.P. Morgan Asset Management has deployed two of its tokenized money market funds on the Solana network, making them accessible to qualified U.S. investors on Oct. 22, 2026 [1]. The expansion covers the firm's private placement vehicle, My OnChain Net Yield Fund ("MONY"), and the JPMorgan OnChain Liquidity–Token Money Market Fund ("JLTXX") [1]. The move follows JPMorgan's ongoing efforts to broaden onchain liquidity after [JPMorgan Expands JPM Coin to Ethereum for Institutional Dollar Settlements](https://basisdesk.news/news/jpmorgan-launches-jpm-coin-on-ethereum). Both investment vehicles are tailored toward institutional liquidity management [1]. MONY, launched in December 2025 as a Rule 506(c) private placement, enables qualified purchasers and accredited investors to accrue U.S. dollar yields onchain [1]. JLTXX is a registered government money market fund designed to help stablecoin issuers satisfy statutory reserve criteria under the GENIUS Act [1]. Eligible participants can subscribe, redeem, and receive fund balances to their designated Solana addresses using Morgan Money, the asset manager's institutional trading platform [1]. ## Multi-Chain Liquidity Infrastructure The integration reflects institutional asset managers' growing interest in public Layer-1 infrastructure, where networks like $SOL compete to process high-throughput institutional workflows [1]. The expansion arrives as the broader ecosystem increases tokenized traditional asset services, complementing initiatives like the [Solana Foundation Unveils Solana DvP for Institutional Settlement](https://basisdesk.news/news/solana-foundation-launches-solana-dvp-institutional-settlement). According to Paul Przybylski, Global Head of Product, Digital & Tokenized Assets at J.P. Morgan Asset Management, the decision responds to clients operating across multiple public networks [1]. Offering cross-chain liquidity management allows institutions and stablecoin issuers to deploy capital natively without relying entirely on traditional off-chain banking rails [1]. At the time of writing, SOL traded around $104.58 amid a broader crypto market capitalization of $2.70 trillion. ## FAQ **Which JPMorgan funds are available on Solana?** J.P. Morgan Asset Management deployed the My OnChain Net Yield Fund (MONY), a Rule 506(c) private placement fund, and the JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX), a registered government fund. **Who can access these tokenized funds on Solana?** The funds are restricted to qualified U.S. institutional investors and eligible stablecoin issuers accessing the vehicles through the Morgan Money institutional portal. ## Sources 1. [J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solana](https://www.prnewswire.com/news-releases/jp-morgan-asset-management-expands-access-to-its-tokenized-money-market-funds-on-solana-302917188.html) — PR Newswire, 2026-10-22 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai