JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles
Share:
- JPMorgan executed a commercial paper issuance on Solana, settling with USDC.
- Institutional investors favor on-chain instruments for faster, efficient settlement cycles.
- Tokenized securities gain traction as firms integrate blockchain into capital markets.
JPMorgan expanded its digital asset strategy with a new commercial paper issuance executed directly on the Solana blockchain. The bank structured the short term instrument for Galaxy Digital Holdings and completed delivery versus payment using USDC for settlement, moving the entire flow onto public infrastructure rather than a private ledger.
The transaction marks a shift in how large financial institutions test blockchain. Instead of limiting trials to internal networks, JPMorgan used a high throughput public chain to issue, distribute, and settle real world debt. That choice signals more confidence in public bl…
Read The Full Article JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles On Coin Edition.
In This News
Coins
$ 0.99992
0%
$ 132.42
-0.39%
$ 0.99983
0%
$ 1.0054
+0.13%
Share:
In This News
Coins
$ 0.99992
0%$ 132.42
-0.39%$ 0.99983
0%$ 1.0054
+0.13%Share:
Read More
Solana’s validator crisis explained – 800 nodes remain, $17 mln for one
Solana ETFs add $23 mln in a week as SOL’s price wobbles – What’s next?
JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles
Share:
- JPMorgan executed a commercial paper issuance on Solana, settling with USDC.
- Institutional investors favor on-chain instruments for faster, efficient settlement cycles.
- Tokenized securities gain traction as firms integrate blockchain into capital markets.
JPMorgan expanded its digital asset strategy with a new commercial paper issuance executed directly on the Solana blockchain. The bank structured the short term instrument for Galaxy Digital Holdings and completed delivery versus payment using USDC for settlement, moving the entire flow onto public infrastructure rather than a private ledger.
The transaction marks a shift in how large financial institutions test blockchain. Instead of limiting trials to internal networks, JPMorgan used a high throughput public chain to issue, distribute, and settle real world debt. That choice signals more confidence in public bl…
Read The Full Article JPMorgan Arranges $50M Tokenized Debt on Solana: Galaxy Digital Issues, USDC Settles On Coin Edition.
In This News
Coins
$ 0.99992
0%$ 132.42
-0.39%$ 0.99983
0%$ 1.0054
+0.13%Share:
In This News
Coins
$ 0.99992
0%$ 132.42
-0.39%$ 0.99983
0%$ 1.0054
+0.13%Share:
Read More
Solana’s validator crisis explained – 800 nodes remain, $17 mln for one