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J.P. Morgan launches two tokenized money market funds on Solana for US investors.

Market News
23 Oct 2026, 15:18 WIB
CryptoTicker
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Neutral
J.P. Morgan launches two tokenized money market funds on Solana for US investors.

J.P. Morgan Asset Management has introduced two tokenized money market funds on the Solana blockchain for qualified US investors, expanding its digital asset offerings beyond Ethereum. The funds, including the My OnChain Net Yield Fund and the JPMorgan OnChain Liquidity-Token Money Market Fund, aim to provide compliant, yield-bearing options for institutional liquidity and stablecoin reserve management. This move marks Solana's growing role as a production platform for major asset managers, although the funds are currently restricted to institutional investors and not available for retail trading. Despite the announcement, Solana's price remained largely unaffected due to broader market declines in crypto and tech stocks.

Although Solana's price reportedly fell 3% in the article, on Pluang it shows a slight gain of 0.19% as of Oct 23, 2026 19:32 WIB, trading at Rp1.886.620. This contrasts with its 52-week range where such stability is notable. The market cap stands at Rp1.113,01 trillion with a balanced order activity of 50% Sell and 50% Buy, indicating steady investor interest despite broader market challenges.

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