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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.
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