JPMorgan Introduces Two Solana-Based Tokenised Funds for US Investors
Reported by Gadgets 360, not nibnow. We are not the publisher of this story, only the source is.
The launch lets eligible US investors buy and redeem money‑market fund tokens directly in a blockchain wallet, potentially lowering barriers and speeding transactions compared with traditional fund access.
JPMorgan Asset Management has made two tokenised money market funds, MONY and JLTXX, available to eligible US investors on Solana through its Morgan Money platform. Investors can subscribe to and redeem fund tokens, which are deposited into their blockchain wallets. MONY invests in US Treasury bonds and Treasury-backed repurchase agreements, while its structure includes investor onboarding checks and an off-chain shareholder ledger.
JPMorgan Asset Management is a division of the global bank that manages investment products; tokenised funds are traditional securities represented on a blockchain, and Solana is a high‑throughput public blockchain often used for decentralized finance applications.
- •How regulators respond to and oversee tokenised fund offerings in the US
- •Performance and liquidity of the MONY and JLTXX tokens compared with their traditional counterparts
- •Whether JPMorgan expands the Morgan Money platform with additional tokenised products