JPMorgan's Tokenized Money Market Funds Go Live on Solana
Photo: U.Today
The investment management arm of Wall Street banking giant JPMorgan Chase has formally launched its money market funds on the Solana blockchain. Two of them (My OnChain Net Yield Fund (MONY) and JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX)) are now accessible to qualified U.S. investors, per an October 22 press release. Investors can access the funds via JPMorgan's Morgan Money. JPMorgan's launch on Solana follows its initial tokenized fund launch on the Ethereum network, marking further progress on the bank's blockchain-based financial products.
Source: U.Today
