JPMorgan adds Solana access for two tokenized money-market funds
JPMorgan has expanded access to two tokenized money-market funds, MONY and JLTXX, on Solana for eligible U.S. investors through Morgan Money, while keeping them on Ethereum. JLTXX held $628.48 million in assets as of Sept. 30 and reported a 3.73% daily yield and 3.79% seven-day SEC yield. The bank described the step as multichain access to existing products rather than the launch of new funds.
JPMorgan’s October 22 move lets qualifying U.S. clients subscribe to or redeem MONY and JLTXX through Morgan Money, with tokens delivered to blockchain addresses. Both funds continue operating on Ethereum as well, so this is added network access rather than a separate product launch.
MONY, a private 506(c) vehicle, began in December 2025; JLTXX, a registered U.S. government money-market fund, followed in May 2026 and invests in Treasuries and Treasury- or cash-backed repo. JLTXX’s $628.48 million in assets and 3.73% daily / 3.79% seven-day SEC yield were as of Sept. 30. JPMorgan did not disclose how much moved to Solana.
The change may mainly affect eligible U.S. investors and institutions using Morgan Money, who could gain another blockchain route for cash management. Stablecoin issuers might eventually use such funds for reserve management, though JPMorgan named no adopter. For the wider public, the impact could be indirect: more tokenized financial infrastructure may shape how cash-like products are accessed, but current eligibility limits mean immediate effects are likely narrow.