J.P. Morgan's Blockchain Milestone: Commercial Paper Issuance
Update: 2025-12-12
Description
J.P. Morgans recent commercial paper issuance on Solana blockchain marks a significant step in bringing traditional financial tools onto public blockchain technology. This issuance, settled using USDC, was created and managed by J.P. Morgan, structured by Galaxys investment banking division, and supported by Coinbase and Franklin Templeton. This development underscores the growing interest from large financial institutions in using blockchain technology for traditional financial products, with the market for tokenized assets predicted to reach nearly nineteen trillion dollars by 2033. The trend is also gaining support from U.S. regulators, with the SEC Chairman highlighting tokenizations potential to transform the financial system.
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