On October 22, 2026, J.P. Morgan Asset Management made its $MONY and $JLTXX tokenized money market funds available on Solana to qualified U.S. investors. Clients subscribe and redeem through Morgan Money and receive token balances at their blockchain addresses.
The expansion brings existing funds to another public network. My OnChain Net Yield Fund, or $MONY, is a private placement fund. JPMorgan OnChain Liquidity-Token Money Market Fund, or $JLTXX, is a registered government money market fund with an investment mandate designed to support stablecoin issuers under the GENIUS Act. The funds share a distribution platform and now support the same new chain, but retain their different legal structures.
“Our clients operate across more than one network, and their liquidity should too,” said Paul Przybylski, J.P. Morgan Asset Management’s global head of product, digital and tokenized assets, in the release. “Bringing JLTXX and MONY to Solana gives stablecoin issuers and institutional investors access to the same funds, across the on-chain networks where they operate.”
Addresses and access
The announcement identifies the Solana token addresses as EToDtBM2knZ8N1BHyUq2Riq5ngWTcoD3k6qpsgf7CKYY for $MONY and J4cTuCH6frt4AnEmKfMS2k8hsUf7K94PV62sjUJno8Cz for $JLTXX. The issuer published both identifiers. Defiprime attempted to read them through its chain-reading tool, which returned an unsupported-chain error for Solana. Defiprime could not independently verify mint supply, authority settings or balances for this article.
Access remains restricted to qualified U.S. investors. The release says $MONY is intended for investors eligible for private placement funds, generally including qualified purchasers and accredited investors under the relevant U.S. securities laws. Investors still have to complete onboarding, even with the token addresses public. Morgan Money is the stated route for subscriptions and redemptions into both funds.
The existing $JLTXX FAQ sets out the operating sequence. Investors complete anti-money-laundering and know-your-customer onboarding, then place subscription or redemption orders through Morgan Money. Those orders go to the transfer agent. The document also allows investors to interact directly with the fund token to transfer balances to other investors or submit redemption orders.
According to that FAQ, investors can pay by dollar wire or in $USDC through ZeroHash. An investor paying in $USDC must also onboard as a ZeroHash client. Investors need their own blockchain address to use the tokens. The FAQ still describes the Ethereum product. The Solana release confirms availability through Morgan Money but does not separately restate these payment arrangements for the new network.
The same FAQ lists fees of 16 basis points and an initial investment minimum of $1 Mn. These are the terms published in the existing product document; the release does not quote Solana-specific pricing. The October announcement gives no replacement fee schedule or network-specific minimum.
What the fund token represents
A $JLTXX token represents one share in the underlying fund. The fund seeks current income while maintaining liquidity and stability of principal, with a target share value of $1.00. Token ownership sits alongside an off-chain shareholder register. According to the FAQ, SS&C is the transfer agent and maintains the official fund shareholder registration records.
The portfolio mandate limits investments to U.S. Treasury securities and repurchase agreements fully collateralized by U.S. Treasury securities. The FAQ says the fund will buy only Treasuries with remaining maturities of 93 days or less, or securities issued with maturities of 93 days or less. These limits apply to the assets behind the fund shares on either network.
The document also says the fund expects to maintain a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less. Investments are dollar-denominated. J.P. Morgan describes $JLTXX as a government money market fund under SEC Rule 2a-7, with an investment approach intended to satisfy the GENIUS Act’s requirements for eligible stablecoin reserve assets. This is the issuer’s stated investment mandate. The Solana launch announcement includes no separate regulatory approval.
$MONY’s original launch announcement dates its Ethereum debut to December 15, 2025. That document describes a Treasury and fully Treasury-collateralized repo portfolio, daily dividend reinvestment, and subscription and redemption using cash or stablecoins through Morgan Money. It identifies the product as a 506(c) private placement fund. The new release extends chain access to the existing product, with no new underlying investment strategy announced.
The two funds also use different distribution entities. JPMorgan Distribution Services distributes $JLTXX, while J.P. Morgan Institutional Investments is the U.S. placement agent for $MONY. Both are FINRA members. The release directs prospective $JLTXX investors to the prospectus for the fund’s objectives, risks, charges and expenses before investing.
The existing product FAQ identifies Kinexys Digital Assets as the tokenization technology behind $JLTXX. It describes the service as a multichain asset tokenization solution and calls $JLTXX the manager’s second tokenized money market fund.
Fund risk and network risk
The Solana announcement warns that investors can lose money in either fund. Both seek to preserve a $1.00 share value, but neither guarantees it. Fund investments are not bank accounts and carry no Federal Deposit Insurance Corporation or other government-agency guarantee. The sponsor has no obligation to reimburse losses or provide support during market stress.
Blockchain use adds operational risks to those of the portfolio. The release names transaction delays and errors, security breaches, regulatory changes, fluctuating fees and network splits that produce alternative blockchains. It also tells investors to safeguard their private keys.
The public release supplies the Solana addresses and access route but no Solana-specific fund balances, mint authority details or cross-network transfer procedure. The linked $JLTXX FAQ still names Ethereum; neither document spells out how an existing Ethereum holder would move a position to Solana.
