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J.P. Morgan Completes $50M Solana Commercial Paper Issuance

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J.P. Morgan executed a $50 million U.S. commercial paper issuance on the Solana blockchain, one of the first such deals on a public network. The transaction, arranged for Galaxy Digital Holdings, included buyers like Coinbase and Franklin Templeton, with settlements in USDC. Solana’s blockchain supports fast, low-cost on-chain debt settlements. What is clear is that institutional activity is increasing on the network.
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