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JPMorgan Completes $50M Bond Issuance on Solana Blockchain

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JPMorgan executed a $50M commercial paper issuance on the Solana blockchain for Galaxy Digital. The settlement, using USDC, involved Franklin Templeton and Coinbase as investors. The blockchain-based transaction removed traditional intermediaries, speeding up the process. JPMorgan cited Solana’s single-layer architecture, low cost, and speed as key reasons. The move shows institutional interest in public blockchain for asset settlement.
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