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JPMorgan issues Galaxy short-term bonds on the Solana network

JPMorgan issues Galaxy short-term bonds on the Solana network

ChaincatcherChaincatcher2025/12/11 16:39
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ChainCatcher news, according to Bloomberg, JPMorgan arranged, created, distributed, and settled a short-term bond for Galaxy Digital Holdings LP on the Solana blockchain, as part of efforts to use cryptocurrency underlying technology to improve financial market efficiency. This $50 million US commercial paper was purchased by an exchange and asset management company Franklin Templeton, with payment made in USDC stablecoin issued by Circle Internet Group Inc., according to a statement from the relevant companies on Thursday. The redemption payment at maturity will also be made in USDC.

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