JPMorgan has arranged a $50 million bond issuance for Galaxy Digital that was issued and settled on the Solana blockchain, marking another step toward institutional adoption of tokenized finance. The transaction used USDC for settlement, demonstrating how stablecoins are being integrated into traditional capital markets infrastructure.
Coinbase and Franklin Templeton purchased the bond, highlighting growing participation from established financial institutions in blockchain-based securities. The structure allows faster settlement, reduced counterparty risk and real-time ownership tracking compared with traditional bond issuance processes.
The deal reflects a broader push by major banks to experiment with tokenized assets as regulators and investors grow more comfortable with blockchain-based financial instruments. Market participants increasingly view tokenization as a pathway to modernizing bond markets and improving liquidity and
