US EditionJPMorgan Pushes Deeper Into Tokenized RWAs with Commercial Paper Issuance on Solana
J.P. Morgan facilitated Galaxy Digital's US commercial paper issuance on Solana, with Coinbase and Franklin Templeton purchasing, marking a key step for blockchain in finance.
- Recently, J.P. Morgan arranged a U.S. Commercial Paper issuance for Galaxy Digital Holdings LP on the Solana blockchain, with Coinbase Global Inc. as lead investor and Franklin Templeton also purchasing securities.
- As part of that push, J.P. Morgan developed the issuance following initiatives like JPM Coin and Onyx, while Galaxy Digital Holdings LP said this deal marks its first commercial paper issuance.
- J.P. Morgan created the on‑chain USCP token and handled settlement, with issuance and redemption paid in USDC stablecoins issued by Circle, while Coinbase Global Inc. provided custody and wallet services.
- The deal is one of the earliest public‑blockchain debt issuances and Galaxy's on‑chain USCP strengthens short‑term funding, opening access to institutional investors, Jason Urban said.
- Regulators have recently signalled interest, with SEC Chairman Paul Atkins touting tokenization of real‑world assets as a key capital‑markets innovation, reflecting growing regulatory focus.
33 Articles
33 Articles
Rutland Herald
NEW YORK--(BUSINESS WIRE)--Dec 11, 2025-
JPMorgan Enables US Commercial Paper Issuance for Galaxy Holdings on Solana
A significant step in the intersection of traditional finance and blockchain technology. Highlights: JPMorgan has arranged the issuance of US commercial paper for Galaxy Holdings. The issuance utilizes the Solana blockchain for enhanced efficiency. This represents a growing trend of traditional finance embracing digital assets. Galaxy Holdings aims to leverage the quick processing capabilities of blockchain. JPMorgan Chase has successfully arra…
Banking Giant JPMorgan Takes On Solana In Grand Style – Here’s What They Did - Coin Surges
America’s largest bank, JPMorgan, has taken a bold step into the future of finance by issuing commercial debt on the Solana blockchain. This move has caught the attention of the broader crypto and traditional markets, as it marks one of the first times a US commercial debt was brought into a public blockchain. JPMorgan Brings Commercial Debt Papers To Solana According to a press release published on December 11, JPMorgan has successfully arrange…
Inside JPMorgan's Latest Crypto Strategy And Solana's Key Involvement
On Thursday, JPMorgan, one of the largest banking institutions globally, marked a pivotal moment in the intersection of traditional finance and cryptocurrency by successfully arranging a US Commercial Paper (USCP) issuance for Galaxy Digital. This significant transaction, valued at $50 million, was executed on the Solana (SOL) blockchain and was purchased by Coinbase Global and crypto exchange-traded fund (ETF) issuer Franklin Templeton. JPMorg…
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