JPMorgan just crossed a dangerous line with Solana that major banks have strictly avoided until now

CryptoSlateDecember 15, 2025

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JPMorgan recently issued $50 million in US commercial paper for Galaxy Digital on Solana, with Coinbase and Franklin Templeton as buyers. The bank created an on-chain USCP token, settling both issuance and redemption cash flows in USDC rather than bank wires. Both issuance and servicing of the deal ran entirely on blockchain rails. As a […] The post JPMorgan just crossed a dangerous line with Solana that major banks have strictly avoided until now appeared first on CryptoSlate.

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