ME News reports that on October 23 (UTC+8), J.P. Morgan Asset Management announced that its tokenized money market funds, My OnChain Net Yield Fund (MONY) and JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX), are now available to qualified U.S. investors on Solana. Investors can subscribe to and redeem shares through the liquidity management platform Morgan Money and receive token balances directly to their on-chain addresses.
MONY is a Section 506(c) private fund designed to provide dollar-denominated returns to accredited investors; JLTXX is a U.S.-registered government money market fund intended to support stablecoin issuers compliant with the GENIUS Act. (Source: Foresight News)
J.P. Morgan Asset Management Expands Tokenized Money Market Funds to Solana
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Summary
J.P. Morgan Asset Management announced on October 23 (UTC+8) that its tokenized money market funds, MONY and JLTXX, are now available on Solana for qualified U.S. investors. This development brings digital assets into the spotlight, as investors can now subscribe to and redeem shares via Morgan Money, receiving token balances directly at on-chain addresses. MONY is a Rule 506(c) private fund designed to target dollar-denominated returns, while JLTXX is a U.S.-registered government money market fund that supports stablecoin issuers compliant with the GENIUS Act. Market commentary highlights the expansion of institutional-grade tokenized products into the Solana ecosystem.
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