JPMorgan's MONY and JLTXX Tokenized Funds Go Live on Solana

J.P. Morgan Asset Management said on Thursday that two of its tokenized money market funds can now be held on Solana. They are the My OnChain Net Yield Fund, ticker MONY, and the JPMorgan OnChain Liquidity-Token Money Market Fund, JLTXX. Both ran on Ethereum and nowhere else before this week, so Solana is the second chain for each. Orders still go through Morgan Money, the firm's liquidity trading platform, and investors receive token balances at their own blockchain addresses. Who may hold them has not changed.

What the release says and what it leaves out

The announcement went out at noon Eastern on 22 October and is short on numbers. It gives no size for either fund and no figure for what sits on Solana. It does name the Solana token addresses for both, along with the entities behind them: JPMorgan Distribution Services distributes JLTXX, and J.P. Morgan Institutional Investments is the US placement agent for MONY. No custodian appears anywhere in it. The only scale in the document belongs to the parent, at $4.8 trillion under management as of 30 September and $5.1 trillion of assets at JPMorgan Chase. CoinDesk, The Block, Blockworks and DL News had not covered the expansion at the time of writing, so the record here is the release and the smaller outlets that picked it up.

"Our clients operate across more than one network, and their liquidity should too," said Paul Przybylski, the firm's global head of product for digital and tokenized assets.

Two funds, two sets of rules

The pair are not interchangeable. MONY is a 506(c) private placement, open to investors who qualify for private funds, generally qualified purchasers and accredited investors. JLTXX is a registered US government money market fund. defiprime, reading JLTXX's existing product FAQ on Friday, says the fund carries a $1 million initial minimum and names SS&C as its transfer agent. Neither detail appears in Thursday's release and neither has a second account. That same FAQ, on defiprime's reading, lets JLTXX holders send redemption orders by interacting with the fund token directly and move balances to other onboarded investors. Public token addresses do not make either fund open. Anti-money-laundering and know-your-customer checks stand between an address and a balance.

Ten months on one chain

MONY went live on Ethereum in December 2025, seeded with $100 million of JPMorgan's own capital according to The Block's reporting at the time. JLTXX followed on 13 May 2026 with another $100 million from the asset manager and participation from Anchorage Digital, a date and a detail Solana Compass carries alone. Both seeding figures are months old and neither has been refreshed since. Solana Compass also read an August prospectus supplement that still listed Ethereum as the only available blockchain, which puts the change inside roughly ten weeks on paper. cryptonews names Ethereum as the first chain too. The Cryptonomist and The Crypto Times describe the move without naming any prior network at all. The bank separately moved its JPMD deposit token to Ethereum's main chain on 20 October, a different product on a different rail.

The number nobody published

What is missing is demand. No account read here gives a balance held on Solana, a subscription figure since Thursday, or a target for either. The case the bank makes is operational, and Przybylski's sentence is the whole of it: clients keep cash on more than one network and want the same fund wherever they sit. Solana already carries twelve tokenized US stocks from Securitize, opened for trading earlier this month, so the chain is not new to regulated instruments. Whether money follows will show in the two token accounts the release named, which anyone can watch. Nothing in it commits the firm to a third chain.