JPMorgan Expands Tokenized Funds to Solana Blockchain
JPMorgan has launched tokenized money market funds on the Solana blockchain after starting with Ethereum.
JPMorgan has launched tokenized money market funds on the Solana blockchain after starting with Ethereum. Ethereum (ETH) is trading at $2,345.55, up 0.3% since this brief published. This is an original TLT brief based on reporting by Bitcoin Sistemi, with live market data added, as of Sun, 25 Oct 2026 08:00:04 UTC.
This development highlights the growing adoption of blockchain technology by traditional financial institutions and underscores the increasing competition between Ethereum and Solana for institutional use cases.
- JPMorgan launched tokenized money market funds MONY and JLTXX on Solana.
- The move follows JPMorgan's previous work with Ethereum-based blockchain solutions.
- Solana's market cap is $59.72B, with a 24h price change of -0.98%.
- Solana Surpasses Robinhood in Tokenized Stock Holders for First Time Since July
- Grayscale Expands In-Kind ETF Subscription Options Across 10 Crypto Funds
- J.P. Morgan Launches Tokenized Money Market Funds on Solana Blockchain
- JPMorgan Expands Solana Presence with MONY and JLTXX Tokenization
- JPMorgan Expands Tokenized Funds to Solana Blockchain — this brief
- Securitize Launches 12 Tokenized Stocks on Solana, Backed by Real Shares
- Solana Surges in Tokenized Fund Growth, SOL Tests $100 Support
JPMorgan has announced the launch of two tokenized money market funds, MONY and JLTXX, on the 
Solana blockchain. This move comes after the bank initially engaged with 
Ethereum-based blockchain solutions.
The decision to utilize Solana for these tokenized funds highlights the growing interest in alternative blockchain networks beyond Ethereum. Solana's high-speed and low-cost transactions likely played a role in this choice.
The development underscores the increasing adoption of blockchain technology by traditional financial institutions. It also reflects the competitive landscape between different blockchain platforms as they vie for dominance in the institutional space.
Solana's market cap currently stands at $59.72 billion, with a 24-hour price change of -0.98%. This indicates a relatively stable market position despite the broader market's flat performance.
The move by JPMorgan is significant as it represents a vote of confidence in Solana's capabilities and could potentially drive further institutional interest in the platform.
Since this brief published about 45 hours ago, Ethereum (ETH) has moved from $2,339.66 to $2,345.55 — +0.25%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.23M (about $2,345.55), down 1.1% over 24 hours. The naira itself trades about 4.0% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 25, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
JPMorgan Expands Tokenized Funds to Solana Blockchain — questions & answers
What are the tokenized funds launched by JPMorgan on Solana?
The funds are MONY and JLTXX, which are tokenized money market funds.
Why did JPMorgan choose Solana over Ethereum?
The report suggests Solana's high-speed and low-cost transactions may have influenced the decision.
What is the market cap of Solana?
Solana's market cap is $59.72 billion.
How much is 1 Ethereum worth in naira today?
About ₦3.23M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,345.55. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.25% since this brief first published — trading at $2,345.55 now versus $2,339.66 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin Sistemi. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.