JPM Just Used $SOL to Execute a Real-World Bond Deal 🤯
The institutional floodgates are officially open. J.P. Morgan, the largest bank in the United States, just bypassed traditional slow banking rails entirely to facilitate a real-world commercial paper transaction for Galaxy Digital.
This was not a pilot program; it was a historical first. The bank issued the short-term debt instrument directly onto the $SOL blockchain, marking the first time in U.S. commercial paper history that such a process was completed 100% on-chain. Investors purchased the paper using stablecoins.
JPM chose $SOL specifically for its high throughput and minimal fees, proving that institutions now view certain blockchains not as speculative assets, but as critical, scalable financial infrastructure. This is infrastructure replacement, not just adoption. 🏦
NFA. Always Do Your Own Research.
#Solana #InstitutionalAdoption #DeFi #TradFi #Crypto
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