JPMorgan Chase issues Galaxy short-term bonds on Solana network

JPMorgan arranged and created, distributed, and settled a short-term bond on the Solana blockchain for Galaxy Digital Holdings LP, as part of efforts to enhance financial market efficiency using underlying cryptocurrency technology.

The $50 million US commercial paper was purchased by Coinbase and asset management company Franklin Templeton, with payment made in USDC stablecoins issued by Circle Internet Group Inc., according to a statement from the companies on Thursday. The redemption payment upon the maturity of the notes will also be made in USDC.

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JPMorgan Chase issues Galaxy short-term bonds on Solana network

All Comments

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HSBC expects the Federal Reserve to refrain from cutting interest rates for the next two years.

Institution: US AI companies face power pressures that will drive up operating costs.

Institutions: The US dollar may face further pressure next year, with AI bubble and interest rate outlook being key risks.

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The U.S. spot Ethereum ETF saw net inflows of $56.48 million yesterday.

Data: The global market capitalization of stablecoins reached $310 billion, a record high.

Zuckerberg instructs Meta to abandon open-source artificial intelligence

He Yi: BNB will be airdropped to users who have suffered losses due to their WeChat accounts being hacked.

Fidelity: Buyers purchased approximately 430,000 Bitcoins around $85,500, a price level that may be a key support level.

Strategy's stock trading volume has now surpassed that of e-commerce giant Amazon.

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