Source: CryptoBriefing
Original Title: J.P. Morgan Pioneers US Commercial Paper Issuance on Solana via Coinbase Platform
Original Link:
J.P. Morgan arranged a US commercial paper issuance for Galaxy on Solana today, marking one of the first debt securities issued on a public blockchain in the US.
The transaction utilized tokenization, USDC payment rails, and custody services powered by a certain compliant platform’s Crypto-as-a-Service solution.
The move represents Wall Street’s application of blockchain technology in capital markets infrastructure. The arrangement could enable faster, cheaper, and more transparent debt issuance processes compared to traditional methods.
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AirdropHuntress
· 15h ago
JPM's move may seem impressive, but the details are worth scrutinizing. Why do Galaxy's commercial paper have to be on the blockchain? Is traditional finance trying to cut the chain-based investors?
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GasWaster
· 12-11 20:53
Is JPMorgan playing with bonds on Solana? Now traditional finance can't sit still anymore.
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SilentObserver
· 12-11 20:44
JPMorgan is now playing with Solana, traditional finance is really serious now
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Blockblind
· 12-11 20:41
JP Morgan is really here, Solana is secure this time
View OriginalReply0
RektButAlive
· 12-11 20:36
JPMorgan has really arrived. Is Solana about to take off?
J.P. Morgan Pioneers US Commercial Paper Issuance on Solana via Crypto Platform
Source: CryptoBriefing Original Title: J.P. Morgan Pioneers US Commercial Paper Issuance on Solana via Coinbase Platform Original Link: J.P. Morgan arranged a US commercial paper issuance for Galaxy on Solana today, marking one of the first debt securities issued on a public blockchain in the US.
The transaction utilized tokenization, USDC payment rails, and custody services powered by a certain compliant platform’s Crypto-as-a-Service solution.
The move represents Wall Street’s application of blockchain technology in capital markets infrastructure. The arrangement could enable faster, cheaper, and more transparent debt issuance processes compared to traditional methods.