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>>JPMorgan releases Galaxy’s tokenized commercial paper on Solana, indicating a rise in institutional on‑chain debt.

JPMorgan releases Galaxy’s tokenized commercial paper on Solana, indicating a rise in institutional on‑chain debt.

crypthub

5 days ago

Tokenized Commercial Paper Issuance

JPMorgan has launched a tokenized commercial paper program for Galaxy Digital on the Solana blockchain, settled in USDC. The issuance marks a significant milestone in the institutional adoption of on‑chain debt instruments. This tokenized USCP is among the earliest corporate debt offerings created on a public blockchain.

Impact on Solana's Role

The transaction showcases Solana’s expanding capacity to handle large‑scale financial deals with high speed and low cost. It highlights the network’s growing relevance for institutional players seeking efficient on‑chain solutions. JPMorgan’s move signals confidence in Solana’s infrastructure for future corporate finance activities.