Add as a preferred source on GoogleJ.P. Morgan Asset Management Adds Two Tokenized Funds to Solana
Qualified U.S. investors can access MONY, a private-placement fund, and JLTXX, a government money market fund designed to support stablecoin issuers under the GENIUS Act.
J.P. Morgan Asset Management has made its MONY and JLTXX tokenized money-market funds available on Solana, giving qualified U.S. investors another way to access the products.
My OnChain Net Yield Fund (MONY) is a 506(c) private-placement fund. JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX) is a U.S.-registered government money market fund designed to invest in a manner that supports stablecoin issuers under the GENIUS Act. Qualified U.S. investors can access both funds through Morgan Money.
The funds held a combined $844 million on Ethereum as of Oct. 11, with $741 million in JLTXX and $103 million in MONY.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.