JPMorgan extends MONY and JLTXX to Solana

J.P. Morgan Asset Management has expanded access to its tokenized money market funds, My OnChain Net Yield Fund (MONY) and JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX), by making them available on the Solana blockchain to qualified U.S. investors. The funds, which were first launched on Ethereum (ETHUSD), now use Solana as an additional public network, broadening the infrastructure through which investors can hold tokenized fund shares.

Clients subscribe and redeem into MONY and JLTXX through Morgan Money, J.P. Morgan Asset Management’s trading and analytics platform for liquidity management. Once transactions are processed, investors receive token balances at their blockchain addresses, integrating traditional fund operations with on-chain settlement.

Access to the Solana-based MONY and JLTXX tokens remains restricted to qualified U.S. investors. MONY is intended for investors eligible for private placement funds, generally including qualified purchasers and accredited investors under applicable U.S. securities laws, while JLTXX is offered as a registered government money market fund.

Existing documentation for MONY lists a $1 million initial investment minimum and fees of 16 basis points, alongside offchain shareholder records. JLTXX’s filing sets a $1 million opening minimum, with no minimum for subsequent purchases and the possibility of investment minimum waivers, and lists annual operating expenses after waivers and reimbursements at 0.16% through June 30, 2028.

Both funds require investors to complete anti-money-laundering and know-your-customer onboarding before transacting. JLTXX also uses an allow-list framework in which purchases, redemptions and token transfers are limited to approved wallet addresses, adding a layer of transaction control on the blockchain.

MONY is structured as a private placement fund domiciled in the British Virgin Islands. Its FAQ describes holdings in U.S. Treasury securities and Treasury-backed repurchase agreements, seeking a stable $1 net asset value and limiting Treasury purchases to securities with no more than 93 days remaining or issued with maturities of 93 days or less.

JLTXX is described as a registered government money market fund under SEC Rule 2a-7, with investments denominated in U.S. dollars. Its stated investment approach is designed to support stablecoin issuers under the GENIUS Act by meeting requirements for eligible stablecoin reserve assets, targeting a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less.

The two funds share distribution via Morgan Money but maintain separate legal and distribution arrangements. JLTXX is distributed by JPMorgan Distribution Services, Inc., while J.P. Morgan Institutional Investments acts as the U.S. placement agent for MONY, and prospective JLTXX investors are directed to review its prospectus for objectives, risks, charges and expenses.

The Solana token address for MONY is EToDtBM2knZ8N1BHyUq2Riq5ngWTcoD3k6qpsgf7CKYY, and for JLTXX it is J4cTuCH6frt4AnEmKfMS2k8hsUf7K94PV62sjUJno8Cz. The publication of these identifiers enables blockchain-based interaction with the funds within the constraints of eligibility and approved-address controls.

At the time of MONY’s initial launch on a public blockchain in December 2025, J.P. Morgan was the largest global systemically important bank to introduce a tokenized money market fund on such infrastructure. As of September 30, 2026, J.P. Morgan Asset Management reported $4.8 trillion in assets under management, underscoring the scale behind its tokenization initiatives.