JPMorgan Asset Management expanded two tokenized money market funds, MONY and JLTXX, to Solana blockchain, announced last night. The expansion provides qualified U.S. investors access to these funds through Morgan Money, the firm's liquidity management and trading platform. JPMorgan Asset Management made this move to respond to clients operating across different blockchain networks, adding Solana to the funds' existing Ethereum availability as traditional financial institutions explore tokenization for institutional cash management products.
JPMorgan Expands MONY and JLTXX Fund Access to Solana Network
The expansion covers two products with different investment structures. My OnChain Net Yield Fund (MONY) is a tokenized money market fund launched in December 2025. The fund is structured as a Rule 506(c) private placement and provides eligible investors with exposure to U.S. dollar yields.
JPMorgan OnChain Liquidity--Token Money Market Fund (JLTXX) is a U.S.-registered government money market fund designed to support stablecoin issuers under the GENIUS Act, the U.S. stablecoin legislation. Investors can subscribe to and redeem shares through Morgan Money, receiving token balances at their blockchain addresses.
Both products remain subject to their respective eligibility requirements. The funds initially launched on Ethereum, making Solana an additional network for accessing the products. J.P. Morgan Asset Management reported $4.8 trillion in assets under management as of September 30, 2026.
JPMorgan Implements Multi-Chain Strategy for Institutional Clients
JPMorgan Asset Management says the multi-chain approach responds to clients operating across different blockchain networks. Paul Przybylski, the firm's global head of product for digital and tokenized assets, said the expansion gives stablecoin issuers and institutional investors access to the same funds across the networks they use.
Tokenization represents financial assets as digital tokens on a blockchain. For money market funds, this can provide another way to manage and transfer ownership records while connecting investment products with digital asset infrastructure.
SOL Trades at $103 With Analyst Forecasts Targeting $147
Solana is trading around $103. The article's base-case target puts SOL at $122.58 within three months, with a forecast suggesting SOL potentially climbing toward $147.09 by the end of 2026 as market conditions improve.
A more bullish scenario referenced in the source could put SOL on track for $250 by year-end, in line with Standard Chartered's forecast. From $103, that would represent an upside of approximately 142%.
The source notes that bringing funds to Solana does not automatically translate into substantial demand for SOL. The price impact will depend partly on how much activity the products generate and how that activity affects demand for the network's native token.
FAQ
What did JPMorgan Asset Management announce about Solana?
JPMorgan Asset Management announced last night that it expanded two tokenized money market funds, MONY and JLTXX, to Solana blockchain. The funds are available to qualified U.S. investors through Morgan Money, the firm's liquidity management and trading platform.
What are the two JPMorgan tokenized funds now available on Solana?
The two funds are My OnChain Net Yield Fund (MONY), launched in December 2025 as a Rule 506(c) private placement providing U.S. dollar yield exposure, and JPMorgan OnChain Liquidity--Token Money Market Fund (JLTXX), a U.S.-registered government money market fund designed to support stablecoin issuers under the GENIUS Act.
How much assets under management does J.P. Morgan Asset Management have?
J.P. Morgan Asset Management reported $4.8 trillion in assets under management as of September 30, 2026.
