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

December 15, 2025

JPMorgan just crossed a dangerous line with Solana that major banks have strictly avoided until nowJPMorgan issued $50 million in commercial paper on Solana with USDC settlement, but most institutional tokenization remains proof-of-concept scale without displacing traditional workflows. Gino Matos Dec. 15, 2025 at 11:35 am UTC 7 min read Updated: Dec.

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14, 2025 at 12:51 pm UTC Share Cover art/illustration via CryptoSlate.
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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 template, JPMorgan intends to extend to more issuers, investors, and security types in 2026.
The announcement follows a pattern.

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

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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

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