J.P. Morgan's $50M Tokenized Bond: A New Era for Digital Finance
Update: 2025-12-12
Description
J.P. Morgan makes history with a $50M on-chain commercial paper issuance for Galaxy Digital Holdings on Solana, marking a significant step in digital finance. This tokenized short-term corporate bond, purchased by Franklin Templeton and Coinbase, could revolutionize the bond market by reducing costs and speeding up settlement times. The tokenized commercial bond market is projected to reach a $300B market capitalization by 2030, with other regions like Hong Kong and China also embracing this trend.
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