JPMorgan Chase & Co.

Multi-chain access through Morgan Money® supports the growth of the firm's onchain platform for qualified U.S. investors

NEW YORK, Oct. 22, 2026 /PRNewswire/ -- J.P. Morgan Asset Management today announced its tokenized money market funds, My OnChain Net Yield Fund ("MONY") and JPMorgan OnChain Liquidity–Token Money Market Fund ("JLTXX"), are now available on the Solana blockchain to qualified U.S. investors, strengthening the firm's capabilities. This expansion broadens access for clients and supports the continued growth of J.P. Morgan Asset Management's tokenized cash management platform.

J.P. Morgan Asset Management today announced its tokenized money market fund suite, My OnChain Net Yield Fund ("MONY") and JPMorgan OnChain Liquidity–Token Money Market Fund ("JLTXX"), is now available on the Solana blockchain to qualified U.S. investors, strengthening the firm's tokenized capabilities. This expansion broadens access for clients and supports the continued growth of J.P. Morgan Asset Management's tokenized cash management platform.

MONY is a 506(c) private placement fund that provides qualified investors the opportunity to earn U.S. dollar yields. At the time of its launch in December 2025, J.P. Morgan was the largest global systemically important bank to launch a tokenized money market fund on a public blockchain. JLTXX is a U.S. registered government money market fund designed to invest in a manner to support stablecoin issuers under the GENIUS Act.

Investors can access MONY and JLTXX through Morgan Money®, J.P. Morgan Asset Management's open-architecture trading and analytics platform for liquidity management. Through a single platform, qualified investors can subscribe and redeem into J.P. Morgan Asset Management's tokenized funds, receiving token balances at their blockchain addresses. This process supports a consistent experience as clients continue to expand tokenized activity across networks and multi-chain adoption accelerates.

"Our clients operate across more than one network, and their liquidity should too," said Paul Przybylski, Global Head of Product, Digital & Tokenized Assets, J.P. Morgan Asset Management. "Bringing JLTXX and MONY to Solana gives stablecoin issuers and institutional investors access to the same funds, across the on-chain networks where they operate. This launch builds on our position as one of the leaders in tokenized liquidity and underscores our commitment to scaling tokenized cash management through multi-chain channels."

For more information, please visit our dedicated website. The MONY blockchain token address on Solana is EToDtBM2knZ8N1BHyUq2Riq5ngWTcoD3k6qpsgf7CKYY and the JLTXX blockchain token address on Solana is J4cTuCH6frt4AnEmKfMS2k8hsUf7K94PV62sjUJno8Cz.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $4.8 trillion (as of 9/30/2026), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $5.1 trillion in assets and $372 billion in stockholders' equity as of September 30, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About Morgan Money

Morgan Money is J.P. Morgan Asset Management's institutional investing platform. A multi-currency, open architecture trading and risk management system, the platform is designed to deliver a seamless customer experience, centered on operational efficiency, end-to-end system integration, and effective controls to allow customers to invest when, where and how they want — securely. Its intuitive platform allows customers to view aggregated account information across their entire portfolio, conduct in-depth risk analysis, model potential trades and compare available investment options. This platform is designed for clients, by clients — embedding their needs and priorities into its core capabilities. Additional information is available at https://www.morganmoney.io/.

JLTXX: Contact JPMorgan Distribution Services, Inc. at 1-800-480-4111 for a prospectus. Carefully consider the fund's objectives, risks, charges and expenses of the mutual fund before investing. The prospectus contains this and other fund information. Read it carefully before investing.

MONY -- FOR QUALIFIED INVESTORS ONLY.  MONY is intended for investors who qualify to invest in private placement funds. Generally, they would include investors who are "Qualified Purchasers" as described in the Investment Company Act of 1940, as amended, and "Accredited Investors" as defined in the Securities Act of 1933, as amended.

Blockchain technology is new and evolving, and its use by the Fund carries risks, including transaction delays or errors, security breaches, regulatory changes, fluctuating fees, and network splits that create alternative blockchains. Differences from traditional mutual funds may also affect how issues are addressed. Investors should safeguard their private keys, and future regulation may affect blockchain adoption.

You could lose money by investing in the Funds. Although the Funds seek to preserve the value of your investment at $1.00 per share, they cannot guarantee they will do so. An investment in the Funds are not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds' sponsor is not required to reimburse the Funds for losses, and you should not expect that the sponsor will provide financial support to the Funds at any time, including during periods of market stress.

JLTXX is distributed by JPMorgan Distribution Services, Inc. The U.S. placement agent for MONY is J.P. Morgan Institutional Investments, Inc.; both entities are members of FINRA. 

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SOURCE J.P. Morgan Asset Management

Market Updates News Commentary

CHICAGO, Oct. 21, 2026 /PRNewswire/ -- The Federal Reserve's next interest rate decision is one week away, and the record of its last meeting shows where most officials were leaning. According to the minutes of the September meeting, released on October 7, most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end. For households carrying credit card balances, auto loans or adjustable-rate mortgages, the third-quarter reports now arriving from consumer lenders offer an early read on how borrowers are holding up. Active Companies from around the markets with current developments this week include: Capital One Financial Corporation (NYSE: COF), Synchrony Financial (NYSE: SYF), Ally Financial Inc. (NYSE: ALLY), JPMorgan Chase & Co. (NYSE: JPM).

At that September meeting, the Fed raised its target range by a quarter percentage point to 3.75% to 4% in a 12-0 vote, stating that inflation remains elevated. The minutes also noted that participants emphasized they approached each meeting with an open mind and that decisions at future meetings would depend on incoming information. Since then, the U.S. Bureau of Labor Statistics reported on October 14 that consumer prices rose 3.7% over the 12 months ending in September, up from 3.4% in August, with the index excluding food and energy up 2.6%. The Fed's next meeting is scheduled for October 27 and 28.

Household balance sheets are carrying more revolving debt into that decision. The Federal Reserve Bank of New York reported in August that credit card balances rose by $21 billion in the second quarter to $1.26 trillion, with 4.7% of all outstanding household debt in some stage of delinquency, and its next quarterly report is scheduled for November 10. On the mortgage side, industry data published on October 5 counted 3.1 million active first-lien adjustable-rate mortgages, the most in five and a half years, though they represent just 5.6% of active mortgages.

Rate decisions can move an entire sector in one session, and lenders are often among the first to react. Market-Updates.com shows how to read the news and the charts side by side.

In other industry developments and happenings in the market this week include:

Capital One Financial Corporation (NYSE: COF)

Capital One reported on October 20 third-quarter net income of $3.5 billion, or $5.61 per diluted common share. Provision for credit losses decreased $73 million to $2.9 billion, reflecting net charge-offs of $3.1 billion and a $225 million loan reserve release, and the company's net charge-off rate was 2.73%, compared with 3.23% in the second quarter. In its total credit card business, the net charge-off rate was 4.01%, down from 4.71% in the second quarter and 4.61% a year earlier.

"The Discover integration continues to go well and we're making good progress on delivering the expected synergies," said Richard D. Fairbank, Founder, Chairman, and Chief Executive Officer of Capital One.

Synchrony Financial (NYSE: SYF)

Synchrony reported third-quarter net earnings of $892 million, or $2.68 per diluted share, compared to $1.1 billion, or $2.86 per diluted share, a year earlier. Purchase volume increased 8% to $49.7 billion and loan receivables increased 3% to $103.3 billion. Net charge-offs were 4.79% of total average loan receivables, compared to 5.16% a year earlier, while provision for credit losses increased 10% to $1.3 billion, primarily driven by a $30 million reserve build versus a $152 million release in the prior year.

"Synchrony delivered another strong performance in the third quarter, highlighted by broad-based purchase volume growth across all five of our sales platforms," said Brian Doubles, Synchrony's President and Chief Executive Officer.

Ally Financial Inc. (NYSE: ALLY)

Ally Financial reported on October 20 third-quarter GAAP EPS of $1.30, up 10% year over year, and adjusted EPS of $1.34, up 16%, on $12.9 billion of consumer auto originations, up 10%. The retail auto net charge-off rate of 1.89% increased 1 basis point year over year, and retail auto delinquencies 30 or more days past due rose 6 basis points to 4.96%. Provision for credit losses increased $114 million year over year to $529 million, which the company attributed primarily to CECL reserve builds associated with asset growth during the quarter.

"Third quarter results provide another clear signal that our focused strategy is delivering results," said Michael Rhodes, Chief Executive Officer of Ally Financial.

JPMorgan Chase & Co. (NYSE: JPM)

JPMorgan Chase reported on October 13 third-quarter results that included credit costs of $2.7 billion, with $2.2 billion of net charge-offs and a $539 million net reserve build. Its Card Services net charge-off rate was 2.91%, and average loans rose 10% year over year.

"The U.S. economy continued to be fueled by strong business investment and ongoing consumer spending. However, large fiscal deficits, sticky inflation, elevated asset prices, rising interest rates and geopolitical conditions continue to shift under the surface," said Jamie Dimon, Chairman and CEO of JPMorgan Chase.

The Fed's October 28 decision could move rate-sensitive stocks quickly. Learn to read the setups behind moves like these with the free Stock Preachers guide, plus The Roadmap market reports, at market-updates.com/sp.

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This article is independent news commentary. Market Updates is wholly owned and operated by Market Equities Limited ("MEL"), a company incorporated under the laws of Ireland. MEL has not been paid by any company mentioned in this article. MEL and its owners, operators, directors, and affiliates do not currently own any shares of the companies mentioned in this article, but reserve the right to, and will, buy and sell shares of those companies at any time without further notice. Company results are as reported by the companies. Economic data is drawn from the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Bureau of Labor Statistics and published industry data, and future policy decisions may differ from the views described in the minutes. Information is drawn from company news releases and filings, government and industry data, published reporting and third-party data believed to be reliable, but its accuracy is not guaranteed. Investing in securities carries risk, including the loss of some or all of your investment. This document is governed by the laws of Ireland.

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SOURCE Market Updates