Previously available on the Ethereum network, these funds are now accessible via a second blockchain network with this expansion. Investors can access both funds through Morgan Money, the company’s cash management and transaction platform. Through Morgan Money, eligible investors can participate in the funds, redeem their shares, and hold their corresponding token balances in their own blockchain addresses.
The statement explained that MONY is a 506(c) private placement fund offering qualified investors the opportunity to earn US dollar returns; and JLTXX is a US-registered government money market fund aiming to invest in support of stablecoin issuers under the GENIUS Act.
Paul Przybylski, Global Head of Digital and Tokenized Assets Products at JP Morgan Asset Management, said, “Our clients operate across multiple networks, and their liquidity should reflect that. Bringing JLTXX and MONY to Solana gives stablecoin issuers and institutional investors access to the same funds across the on-chain networks they operate on. This launch strengthens our position as a leader in the tokenized liquidity space and underscores our commitment to scaling tokenized cash management through multi-chain channels.”
*This is not investment advice.
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