{"id":527460,"date":"2025-12-12T08:26:49","date_gmt":"2025-12-12T08:26:49","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1268255"},"modified":"2025-12-12T08:26:49","modified_gmt":"2025-12-12T08:26:49","slug":"jpmorgan-taps-solana-to-create-uscp-token-for-galaxy-digitals-on-chain-debt-raise","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/12\/12\/jpmorgan-taps-solana-to-create-uscp-token-for-galaxy-digitals-on-chain-debt-raise\/","title":{"rendered":"JPMorgan Taps Solana to Create USCP Token for Galaxy Digital\u2019s On-Chain Debt Raise"},"content":{"rendered":"<div class=\"eth-editorial-banner\"> <img decoding=\"async\" class=\"eth-editorial-logo\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/cnf2-scaled-1-1-1.png\" alt=\"Crypto News Flash\"> <span class=\"eth-editorial-text\">All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.<\/span> <\/div>\n<ul>\n<li data-start=\"3\" data-end=\"149\"><strong>JPMorgan issued the Galaxy\u2019s $50M USCP on Solana, marking one of the earliest public-chain debt deals bought by Coinbase and Franklin Templeton.<\/strong><\/li>\n<li data-start=\"153\" data-end=\"289\"><strong>Solana adoption accelerates with institutions using its low-cost network for tokenized assets and increasing USDC-based settlement.<\/strong><\/li>\n<\/ul>\n<hr>\n<p data-start=\"235\" data-end=\"710\">JPMorgan has turned to Solana to build a USCP token for Galaxy Digital\u2019s latest on-chain debt raise, and the bank confirmed it successfully arranged a U.S. Commercial Paper issuance purchased by Coinbase and Franklin Templeton. According to the <a href=\"https:\/\/m.economictimes.com\/markets\/cryptocurrency\/crypto-news\/j-p-morgan-harnesses-blockchain-for-debt-issuance-amid-digital-asset-adoption-boost\/amp_articleshow\/125916290.cms\" target=\"_blank\" rel=\"noopener\">announcement<\/a>, the transaction stands among the earliest debt issuances ever been to get executed on a public blockchain and one of the first U.S. securities offerings to rely fully on blockchain infrastructure for both issuance and servicing.<\/p>\n<p data-start=\"712\" data-end=\"1246\">Serving global clients across banking, markets, and securities services, J.P. Morgan\u2019s Commercial &amp; Investment Bank has $40.1 trillion in assets under custody and $1.11 trillion in deposits. Its scale and infrastructure reinforce the bank\u2019s ability to bring institutional-grade debt products, such as the new Solana-based USCP issuance, into public blockchains, as further discussed below.<\/p>\n<h2 data-start=\"1253\" data-end=\"1313\"><strong data-start=\"1257\" data-end=\"1313\">JPMorgan and Galaxy Advance Solana Debt Tokenization<\/strong><\/h2>\n<p data-start=\"1315\" data-end=\"1662\">JPMorgan arranged a $50 million U.S. Commercial Paper (USCP) issuance for Galaxy Digital Holdings on the Solana blockchain, purchased by Coinbase and Franklin Templeton. The bank created the on-chain USCP token, handled delivery-versus-payment settlement, and confirmed that both issuance and redemption will be processed in USDC <a href=\"https:\/\/www.crypto-news-flash.com\/world-chain-embraces-native-usdc-with-circles-cctp-for-effortless-cross-chain-transfers\/\">issued<\/a> by Circle.<\/p>\n<p data-start=\"1664\" data-end=\"1886\">The deal is one of the earliest debt issuances executed on a public blockchain and among the first in the U.S. to use blockchain for the issuance and servicing of securities. Scott Lucas of J.P. Morgan <a href=\"https:\/\/m.economictimes.com\/markets\/cryptocurrency\/crypto-news\/j-p-morgan-harnesses-blockchain-for-debt-issuance-amid-digital-asset-adoption-boost\/amp_articleshow\/125916290.cms\" target=\"_blank\" rel=\"noopener\">said<\/a>,<\/p>\n<blockquote>\n<p data-start=\"1664\" data-end=\"1886\">the transaction demonstrates institutional appetite for digital assets and our capability to securely bring new instruments on-chain using Solana.<\/p>\n<\/blockquote>\n<h2 data-start=\"2027\" data-end=\"2079\"><strong data-start=\"2031\" data-end=\"2079\">Solana\u2019s Growing DeFi and Ecosystem Activity<\/strong><\/h2>\n<p data-start=\"2081\" data-end=\"2582\">Besides the latest Solana integration, we also <a href=\"https:\/\/www.crypto-news-flash.com\/solana-coinbase-opens-instant-trading\/\">highlighted<\/a> that millions of assets will be instantly accessible to Coinbase\u2019s user base, allowing issuers to reach global markets. Solana continues to attract major institutions due to high speed, low transaction costs, and increasing adoption for real-world asset tokenization.<\/p>\n<p data-start=\"2081\" data-end=\"2582\">Legacy finance firms have expanded on-chain activity on Solana following earlier issuances, including <a href=\"https:\/\/www.crypto-news-flash.com\/galaxy-digital-secures-1-24m-sol-in-massive-exchange-move\/\">Galaxy\u2019s tokenized<\/a> equity and growing use of USDC across the network. Nick Ducoff of the Solana Foundation <a href=\"https:\/\/www.jpmorgan.com\/about-us\/corporate-news\/2025\/jpmorgan-commercial-paper-issuance-solana-blockchain\" target=\"_blank\" rel=\"noopener\">noted<\/a> that<\/p>\n<blockquote>\n<p data-start=\"2584\" data-end=\"2644\">the issuance marks a major step in bringing the security and efficiency of public blockchains to institutional finance.<\/p>\n<\/blockquote>\n<p><span data-sheets-root=\"1\">As of Now, Solana (SOL) is trading at the price of <strong>$137.18<\/strong>, reflecting an increase of <span><strong>4.83%<\/strong><\/span> in the past day and decrease of <span><strong>1.02%<\/strong><\/span> in the past week. See SOL Price chart below.<\/span><\/p>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. JPMorgan issued the Galaxy\u2019s $50M USCP on Solana, marking one of the earliest public-chain debt deals bought by Coinbase and Franklin Templeton. Solana adoption accelerates with institutions using its low-cost network for tokenized assets and increasing USDC-based settlement. JPMorgan has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":527461,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1393,364,25,23685,56,23686],"class_list":{"0":"post-527460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-galaxy-digital","9":"tag-jpmorgan","10":"tag-news","11":"tag-on-chain-debt-raise","12":"tag-solana","13":"tag-uscp-token"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/527460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=527460"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/527460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/527461"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=527460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=527460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=527460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}