The post JP Morgan Tokenizes $50 Million In Commercial Papers On The Solana Blockchain appeared on BitcoinEthereumNews.com.

J.P. Morgan arranges a $50 million tokenized corporate bond issuance for Galaxy on Solana as demand for on-chain financial instruments rises.   JP Morgan has moved deeper into tokenised finance after issuing a $50 million on-chain commercial paper for Galaxy Digital.  The bank set up the bond on the Solana blockchain and oversaw the creation of the on-chain token that represents the debt. Galaxy structured the instrument, and settlement took place in USDC. The deal is important because it is one of the earliest large commercial paper issuances on a public blockchain in the United States.  Solana Chosen for Galaxy’s Corporate Bond Issuance The bond was issued as a tokenized short-term corporate instrument. For context, commercial paper normally relies on traditional settlement systems.  This deal shifted the playing field and moved the full structure onchain. J.P. Morgan created the blockchain representation of the debt. It then handled the settlement of the primary issuance through USDC. This way, using a stablecoin allowed the parties to clear the transaction without delays tied to bank wires. JP Morgan tokenizes bond on Solana networ | source: X Franklin Templeton and Coinbase purchased the tokens. Notably, Franklin Templeton already runs a tokenized money market fund, so the firm has experience managing blockchain-based financial products. Coinbase acted as both an investor and a wallet provider. The setup gave the deal a simple flow. Galaxy created the structure, J.P. Morgan arranged and built the token, while Coinbase and Franklin Templeton received the tokens and handled custody. Tokenization Gains traction as Institutions Expand Onchain Finance Tokenization continues to grow as more financial players test new ways to issue and settle real-world assets.  Analysts expect the market for tokenised assets to expand to hundreds of billions of dollars over the next several years. Some research groups even believe it…

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Filed under: News - @ December 12, 2025 9:44 pm