J.P. Morgan Asset Management has made its tokenized money market funds, My OnChain Net Yield Fund (MONY) and JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), available on Solana to qualified US investors, the firm said on Thursday. Both first launched on Ethereum, and this is the first time CryptoWatchDesk has covered them.
This is a distribution story, not a new product: the funds and their holdings stay the same, and what changes is the network on which token balances can sit. The scale is still small for a firm with $4.8 trillion under management: J.P. Morgan seeded JLTXX with $100 million at its Ethereum launch in May, according to the firm, which put traditional assets tokenized on public blockchains at about $30 billion at the time; neither release gives the funds’ current size.
The two funds serve different buyers: MONY is a 506(c) private placement, open only to accredited investors and qualified purchasers, and launched in December 2025, while JLTXX is a US-registered government money market fund, investing in Treasurys and Treasury-backed overnight repo, built to hold reserves for stablecoin issuers under the GENIUS Act; for the issuer side, see what a dollar stablecoin is. Investors subscribe and redeem through Morgan Money, the firm’s liquidity platform, and receive tokens at their own blockchain addresses.
“Our clients operate across more than one network, and their liquidity should too,” said Paul Przybylski, J.P. Morgan Asset Management’s global head of product for digital and tokenized assets. “Bringing JLTXX and MONY to Solana gives stablecoin issuers and institutional investors access to the same funds, across the on-chain networks where they operate.”
Other US firms are tokenizing cash in different wrappers, from Federated Hermes’ tokenized share classes to SoFi’s tokenized deposit, launched on Thursday. The Solana token addresses are EToDtBM2knZ8N1BHyUq2Riq5ngWTcoD3k6qpsgf7CKYY for MONY and J4cTuCH6frt4AnEmKfMS2k8hsUf7K94PV62sjUJno8Cz for JLTXX, according to the release.
This article is for information only and is not investment advice.