Business · Updated 23 Oct, 04:10 pm IST
JPMorgan launches two Solana-based tokenised funds for US investors
Why it matters for readers: Makes clear that mainstream firms are experimenting with tokenisation of conventional financial products on public blockchains.
- JPMorgan Asset Management listed two tokenised money market funds, MONY and JLTXX, on Solana.1
- Eligible US investors can subscribe to and redeem the fund tokens through their blockchain wallets on the Morgan Money platform.1
- MONY invests in US Treasury bonds and Treasury-backed repurchase agreements.1
- The funds use off-chain shareholder ledgers and investor onboarding checks alongside the tokenised structure.1
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