The post JPMorgan Arranges Solana Debt-Deal for Galaxy Digital with Coinbase and Franklin Templeton As Investors appeared first on Coinpedia Fintech News JPMorganThe post JPMorgan Arranges Solana Debt-Deal for Galaxy Digital with Coinbase and Franklin Templeton As Investors appeared first on Coinpedia Fintech News JPMorgan

JPMorgan Arranges Solana Debt-Deal for Galaxy Digital with Coinbase and Franklin Templeton As Investors

2025/12/12 05:02
JPMorgan Launches Deposit Token ‘JPM Coin’ on Coinbase’s Base Blockchain

The post JPMorgan Arranges Solana Debt-Deal for Galaxy Digital with Coinbase and Franklin Templeton As Investors appeared first on Coinpedia Fintech News

JPMorgan has accelerated its tokenization bid for real-world assets (RWA) through the Solana (SOL) blockchain. The behemoth bank announced on Thursday that it successfully facilitated a debt issuance for Galaxy Digital Holdings on Solana.

According to the announcement, JPMorgan arranged the first U.S. Commercial Paper (USCP) issuance for Galaxy Digital. The debt issuance was settled through Circle’s USDC by Coinbase Global Inc. and Franklin Templeton.

“Today’s transaction is an important step toward understanding the role blockchain will play in the future of financial markets. This trade demonstrates institutional appetite for digital assets and our capability to securely bring new instruments on-chain using Solana,” Scott Lucas, Head of Markets Digital Assets, JPMorgan, said.

JPMorgan Accelerates Crypto Adoption Via Solana and Coinbase

In the past year, JPMorgan has accelerated its adoption of digital assets and blockchain technology, fueled by the clear crypto regulations under President Donald Trump. The bank launched a token dubbed JPM Coin (JPMD) on the Coinbase-backed Base chain last month.

The bank’s issuance of a USCP on the Solana network will heavily influence its institutional confidence. Furthermore, Solana needs more institutional investors seeking to explore tokenization of real-world assets (RWA) to build their products on its infrastructure.

“This issuance marks a major step in bringing the security and efficiency of public blockchains to institutional finance. Solana’s architecture makes it possible for firms like JPMorgan to arrange financial transactions with the trust and performance the market has always needed,” Nick Ducoff, Head of Institutional Growth, Solana Foundation, noted.
Ultimately, the rising adoption of Solana by traditional financial markets will catalyze its midterm growth, especially amid the ongoing macro crypto bull market.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Aave V4 roadmap signals end of multichain sprawl

Aave V4 roadmap signals end of multichain sprawl

The post Aave V4 roadmap signals end of multichain sprawl appeared on BitcoinEthereumNews.com. Aave Labs has released its official launch roadmap for V4, laying out the final steps ahead of the major upgrade’s Q4 mainnet launch.  Alongside new architectural and security improvements, the roadmap introduces a fundamental shift in how user balances are tracked and highlights a strategic pullback from economically underperforming deployments across layer-2 and alternative layer-1 networks. The V4 release moves away from aTokens’ rebasing-style mechanics toward ERC-4626-style share accounting, a change that promises cleaner integrations, easier tax treatment, and better compatibility with downstream DeFi infrastructure.  In a recent technical development update, Aave Labs confirmed that “tokenization is to remain optional and built using ERC 4626 vaults,” and that internal accounting will eliminate the use of exchange rates or scaled balances. The goal is to “further improve the overall reliability of the protocol.” ERC-4626 is a widely adopted Ethereum standard that expresses user deposits as shares of a vault rather than balances that grow over time. In Aave V3, aTokens accrue interest by increasing a user’s balance directly — behavior that resembles rebasing tokens and often confuses integrations and portfolio accounting tools.  By contrast, ERC-4626 tracks yield through a rising price-per-share metric, leaving token balances unchanged. The result is more predictable behavior for integrators, auditors and tax software, as well as a clearer cost basis for users. The roadmap also outlines a series of release milestones, including a formal codebase publication, a public testnet launch with a redesigned interface, and the completion of a multi-layered security review involving formal verification and manual audits. Aave Labs said the roadmap reflects the protocol’s “final stages of review, testing, and deployment,” and that additional documentation and launch preparation materials will be released in the coming weeks. But the most pointed strategic shift comes not from the codebase, but from Aave’s own governance forums. “Aave…
Share
BitcoinEthereumNews2025/09/18 07:40