The Solana blockchain ecosystem achieved an unprecedented institutional-level application breakthrough in December 2025. Global top investment bank JPMorgan arranged the first commercial paper ever issued on a public blockchain in U.S. history for digital asset company Galaxy Digital. The transaction was settled on the Solana network and priced in USDC stablecoin. This marks the formal incorporation of public blockchains into the core business processes of traditional financial institutions. Commercial Paper is an important tool for short-term corporate financing, with a global market size reaching trillions of dollars. Previously, such financial instruments were mainly settled through traditional clearing systems like DTCC, which are complex and time-consuming. Solana, with its high throughput, low latency, and cost-effective technical advantages, has become the first public blockchain to carry such institutional-level transactions. Its ability to handle thousands of transactions per second and achieve confirmation times within seconds far surpasses competitors like Ethereum. JPMorgan has long been involved in the blockchain space; its internally developed Quorum blockchain was used for interbank settlements. However, the choice of the public blockchain Solana over private chains demonstrates recognition of the transparency and auditability of decentralized networks. Galaxy Digital, as a leading crypto-native financial institution, has a strong accumulation in digital asset investment, trading, and asset management. The collaboration between the two parties sets a new benchmark in the tokenization of RWA (real-world assets) by deeply integrating traditional financial instruments with blockchain technology. In addition to commercial paper, the Solana ecosystem has also welcomed several heavyweight projects in the RWA space. The Kingdom of Bhutan launched a gold tokenization product that maps physical gold reserves to on-chain assets through blockchain technology, allowing investors to purchase fractional shares of gold and enjoy transparent reserve audits. Traditional financial giant State Street partnered with Galaxy Digital to launch a fund tokenization scheme, enabling traditional fund investments to conduct share transfers and real-time settlements on-chain. The Solana Breakpoint conference, as the annual event for the ecosystem, gathered global developers, investors, and corporate representatives. The institutional-level application cases announced during the conference prove that Solana is transforming from a retail and meme coin trading platform into enterprise-level infrastructure. Despite short-term market fluctuations, with the SOL token dropping 3.17% to $132.75 in 24 hours, the long-term fundamentals continue to improve.