JPMorgan запускает новый этап для облигаций с помощью токенизации на Solana Translation: JPMorgan launches a new era for bonds through tokenization on Solana

The banking giant JPMorgan has launched tokenized commercial notes worth $50 million on the Solana blockchain for Galaxy Digital, as reported by Bloomberg.

The securities were acquired by cryptocurrency exchange Coinbase and asset manager Franklin Templeton. The transactions were conducted using the USDC stablecoin from Circle, and redemptions will also be made in this stablecoin.

Scott Lucas, head of the bank’s digital asset division, described the operation as a full-fledged pilot project.

«It’s no longer just a theory. This allows us to see firsthand all the advantages of blockchain for bond issuance,» he remarked.

According to Lucas, while the bank is familiar with working on Ethereum, it intentionally chose Solana to explore this new environment. JPMorgan plans to continue issuing bonds on public blockchains.

Emma Lovett, head of the bank’s lending division within the digital asset group, emphasized that tokenization is fundamentally transforming post-trade processes:

«It provides precise, condensed settlement times and radically simplifies transaction processing due to a single registry accessible to all counterparties.»

JPMorgan is increasing its activities in the blockchain space. In November, the bank launched a deposit token, JPMD, designed for institutional clients on the Layer 2 network, Base.

The company is also working on a platform for interbank transfers of tokenized assets.

Galaxy continues to shift its financial operations on-chain. In September, the company tokenized its own GLXY shares on Solana, in collaboration with Superstate.

Mike Novogratz’s firm is also a key investor in Forward Industries, the largest SOL treasury, which is exploring financial instrument opportunities on the blockchain.

According to Jason Urban, global head of Galaxy’s trading division, the issuance of USCP serves as an example of how public networks are impacting capital markets.

«By structuring one of the first commercial paper issuances on blockchain in the U.S., we are implementing our model: an open programmable infrastructure designed for institutional financial instruments,» he explained.

Additionally, Standard Chartered has estimated the capitalization of the RWA segment to reach $2 trillion by 2028.