JPMorgan Asset Management announced on October 22 that its two tokenized money market funds, MONY and JLTXX, have opened an on-chain channel $SOL to eligible U.S. investors: investors can subscribe to and redeem shares through the Morgan Money platform, with the shares credited to an on-chain address. Both funds had previously launched on Ethereum; this adds another public blockchain channel.
JLTXX is a U.S.-registered government money market fund. According to the official description, it is intended to provide eligible reserve assets for stablecoin issuers as required by the GENIUS Act. MONY, meanwhile, is aimed at eligible investors seeking short-term returns in U.S. dollars. As of September 30, the asset management division had approximately $4.8 trillion in assets under management.
The official Solana account posted a confirmation the same day. On the morning of October 23, Binance's SOL/USDT pair was trading at around $104, down approximately 2% over 24 hours. Wall Street moving money market funds onto public blockchains is another sign of traditional capital seeking an on-chain foothold—but this has nothing to do with whether retail investors can buy directly; the eligibility requirements still apply.
#SOL #RWA #稳定币 This is not investment advice
JLTXX is a U.S.-registered government money market fund. According to the official description, it is intended to provide eligible reserve assets for stablecoin issuers as required by the GENIUS Act. MONY, meanwhile, is aimed at eligible investors seeking short-term returns in U.S. dollars. As of September 30, the asset management division had approximately $4.8 trillion in assets under management.
The official Solana account posted a confirmation the same day. On the morning of October 23, Binance's SOL/USDT pair was trading at around $104, down approximately 2% over 24 hours. Wall Street moving money market funds onto public blockchains is another sign of traditional capital seeking an on-chain foothold—but this has nothing to do with whether retail investors can buy directly; the eligibility requirements still apply.
#SOL #RWA #稳定币 This is not investment advice