JPMorgan Chase issues and settles short-term bonds for Galaxy Digital on the Solana blockchain.

Odaily Planet Daily reports that JPMorgan Chase created, issued, distributed, and settled a short-term bond for Galaxy Digital Holdings LP on the Solana blockchain. The $50 million U.S. commercial paper was reportedly purchased by Coinbase and asset management firm Franklin Templeton, with payment made in USDC stablecoin issued by Circle Internet Group Inc., the companies stated in a press release on Thursday. Redemption proceeds upon maturity will also be paid in USDC. (Bloomberg)