JPMorgan Uses Solana Blockchain to Issue $50M Commercial Paper for Galaxy Digital
AI Summary1 min read
TL;DR
JPMorgan issued $50 million in commercial paper on the Solana blockchain for Galaxy Digital, with Coinbase and Franklin Templeton buying it using USD Coin. This marks a major step in integrating blockchain into traditional debt markets.
Tags
Galaxy DigitalJpmorgan ChaseCoinbase GlobalSolanaJPMorganSolana blockchaincommercial paperblockchain integrationdebt markets
JPMorgan Chase has used the Solana blockchain to issue $50m commercial paper for Galaxy Digital Holdings, marking one of the first major global banks to do so. Coinbase Global and Franklin Templeton reportedly purchased the debt instrument with USD Coin, a stablecoin issued by Circle. The move is seen as a significant step towards integrating blockchain technology into traditional debt markets.
