JPMorgan Introduces Two Solana-Based Tokenised Funds for US Investors
JPMorgan has introduced MONY and JLTXX, tokenized money market funds available to eligible US investors on the Solana blockchain via the Morgan Money platform. MONY invests in US Treasury bonds and Treasury-backed repurchase agreements, with an investor onboarding process and off-chain shareholder ledger. Token subscriptions and redemptions are deposited directly into investor blockchain wallets.
Key points
- Two tokenized money market funds launched on Solana blockchain
- MONY focuses on US Treasury bonds and repo agreements
- Available to eligible US investors through Morgan Money platform
- Includes investor verification and off-chain shareholder record-keeping
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