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JPMorgan Goes Public with $50 Million Blockchain Debt Deal on Solana

MarketDash Editorial Team
12 hours ago
JPMorgan Chase has issued $50 million in commercial paper directly on Solana's public blockchain, marking a significant shift from private networks to public chains for institutional securities.

JPMorgan Chase (JPM) just did something Wall Street has been talking about for years but rarely executing: issuing real securities on a public blockchain. The bank issued $50 million in U.S. commercial paper for Galaxy Digital directly on the Solana (SOL) network, with Coinbase (COIN) and Franklin Templeton stepping up as buyers.

Why This Actually Matters

JPMorgan called this a "global milestone," and for once, that's not just marketing speak. Major banks have been experimenting with blockchain technology for years, but almost always on private, permissioned networks they control. Moving to a public blockchain like Solana is a different beast entirely. You're trading in the walled garden for the open internet.

The appeal is straightforward: speed, transparency, and transaction costs that make traditional settlement infrastructure look expensive and slow. According to reports, this marks one of the earliest instances of a major global bank using a public blockchain to both issue and service securities.

Stablecoins Enter the Chat

Here's another interesting wrinkle: the deal used USDC (USDC) for issuance and redemption. That's a stablecoin doing real institutional work, not just floating around crypto exchanges. It underlines how stablecoins are increasingly becoming the plumbing for settlement in tokenized finance.

JPMorgan isn't stopping here either. The bank plans to scale this model to additional issuers, investors, and asset classes starting in 2026. That suggests we're looking at a broader rollout of tokenized securities across public networks, not just a one-off experiment.

The Bigger Crypto Picture

JPMorgan's crypto outlook remains decidedly bullish. The bank expects Bitcoin (BTC) to reach $170,000 within a year as global monetary easing resumes. Their base case target for 2026 sits at $150,000, with potential moves above $200,000 if inflation cools faster and the Federal Reserve accelerates rate cuts.

It's worth noting the context: a major traditional bank simultaneously embracing public blockchain infrastructure while forecasting massive upside for the crypto market's flagship asset. That's institutional confidence translating into actual infrastructure adoption, not just price speculation.

Back to News

JPMorgan Goes Public with $50 Million Blockchain Debt Deal on Solana

MarketDash Editorial Team
12 hours ago
JPMorgan Chase has issued $50 million in commercial paper directly on Solana's public blockchain, marking a significant shift from private networks to public chains for institutional securities.

JPMorgan Chase (JPM) just did something Wall Street has been talking about for years but rarely executing: issuing real securities on a public blockchain. The bank issued $50 million in U.S. commercial paper for Galaxy Digital directly on the Solana (SOL) network, with Coinbase (COIN) and Franklin Templeton stepping up as buyers.

Why This Actually Matters

JPMorgan called this a "global milestone," and for once, that's not just marketing speak. Major banks have been experimenting with blockchain technology for years, but almost always on private, permissioned networks they control. Moving to a public blockchain like Solana is a different beast entirely. You're trading in the walled garden for the open internet.

The appeal is straightforward: speed, transparency, and transaction costs that make traditional settlement infrastructure look expensive and slow. According to reports, this marks one of the earliest instances of a major global bank using a public blockchain to both issue and service securities.

Stablecoins Enter the Chat

Here's another interesting wrinkle: the deal used USDC (USDC) for issuance and redemption. That's a stablecoin doing real institutional work, not just floating around crypto exchanges. It underlines how stablecoins are increasingly becoming the plumbing for settlement in tokenized finance.

JPMorgan isn't stopping here either. The bank plans to scale this model to additional issuers, investors, and asset classes starting in 2026. That suggests we're looking at a broader rollout of tokenized securities across public networks, not just a one-off experiment.

The Bigger Crypto Picture

JPMorgan's crypto outlook remains decidedly bullish. The bank expects Bitcoin (BTC) to reach $170,000 within a year as global monetary easing resumes. Their base case target for 2026 sits at $150,000, with potential moves above $200,000 if inflation cools faster and the Federal Reserve accelerates rate cuts.

It's worth noting the context: a major traditional bank simultaneously embracing public blockchain infrastructure while forecasting massive upside for the crypto market's flagship asset. That's institutional confidence translating into actual infrastructure adoption, not just price speculation.