J.P. Morgan Asset Management Expands Tokenized Money Market Funds to Solana Blockchain
J.P. Morgan Asset Management has announced the expansion of its tokenized money market fund suite, specifically the My OnChain Net Yield Fund (MONY) and JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX), to the Solana blockchain. This move is designed to provide qualified U.S. investors and stablecoin issuers with multi-chain access to liquidity management through the firm's Morgan Money® platform. The expansion aims to support institutional clients who operate across multiple networks, allowing them to manage liquidity seamlessly on-chain. By integrating these funds into Solana, J.P. Morgan strengthens its position in the digital asset space and facilitates easier subscription and redemption processes for tokenized cash management.
Topics: asset management blockchain digital assets Solana tokenized money market funds