{"id":17816,"date":"2025-12-12T04:32:03","date_gmt":"2025-12-12T04:32:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/jpmorgan-uses-public-blockchain-to-issue-50m-commercial-paper-for-galaxy-digital\/"},"modified":"2025-12-12T04:32:22","modified_gmt":"2025-12-12T04:32:22","slug":"jpmorgan-uses-public-blockchain-to-issue-50m-commercial-paper-for-galaxy-digital","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/jpmorgan-uses-public-blockchain-to-issue-50m-commercial-paper-for-galaxy-digital\/","title":{"rendered":"JPMorgan uses public blockchain to issue $50m commercial paper for Galaxy Digital"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">JPMorgan Chase &amp; CO. on Thursday became one of the first major global banks to use a public blockchain to issue a $50 million U.S. commercial paper for Galaxy Digital Holdings. <\/p>\n<div id=\"cn-block-summary-block_8ae322c8d0ee636d7b64caab6f9bb4f9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>JPMorgan used the Solana blockchain for the issuance.<\/li>\n<li>Scaramucci praised JPMorgan\u2019s move, calling it \u201cgood news\u201d for his investment thesis and supportive of his bullish stance on Solana and Avalanche.<\/li>\n<li>Coinbase Global and Franklin Templeton reportedly purchased the debt instrument, paying with USD Coin, a stablecoin issued by Circle. J<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/jp-morgan-harnesses-blockchain-debt-issuance-amid-digital-asset-adoption-boost-2025-12-11\/\" target=\"_blank\" rel=\"nofollow\">Reuters<\/a>, the New York-based bank used the Solana (SOL) blockchain for the issuance.<\/p>\n<p>Coinbase Global and Franklin Templeton reportedly purchased the debt instrument, paying with USD Coin, a stablecoin issued by Circle. JPMorgan created an on-chain USCP token for the commercial paper, which manages both issuance and redemption flows, showcasing the potential of stablecoins and tokenized assets in traditional debt markets.<\/p>\n<p>Prior to this, JPMorgan had used blockchain-based issuances only on its private network, including a municipal bond for the City of Quincy and commercial paper for a Singapore-based bank. Historically, the bank favored its own Ethereum-based ledger, Quorum, and other private blockchain initiatives, reflecting its \u201cblockchain, not Bitcoin\u201d approach.<\/p>\n<p>While CEO Jamie Dimon has previously criticized Bitcoin as a \u201chyped-up fraud,\u201d the bank has steadily invested in blockchain infrastructure and, as of late 2025, allows institutional clients to use Bitcoin and Ethereum as collateral for loans.<\/p>\n<p>JPMorgan\u2019s stock was trading at $314.97, up 1.49% in the last 24 hours, with retail sentiment on Stocktwits remaining \u201cextremely bullish\u201d amid high chatter.<\/p>\n<p>SkyBridge Capital founder Anthony Scaramucci praised JPMorgan\u2019s move, calling it \u201cgood news\u201d for his investment thesis and supportive of his bullish stance on Solana and Avalanche.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Good news for our Solana Avax thesis.<\/p>\n<p>J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost<br \/>J.P. Morgan (JPM.N) arranged a short-term bond for Galaxy Digital Holdings on the Solana blockchain, the bank said on Thursday, marking a significant step\u2026<\/p>\n<p>\u2014 Anthony Scaramucci (@Scaramucci) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Scaramucci\/status\/1999235206025547817?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">December 11, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase &amp; CO. on Thursday became one of the first major global banks to use a public blockchain to issue a $50 million U.S. commercial paper for Galaxy Digital&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17816"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17816\/revisions"}],"predecessor-version":[{"id":17818,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17816\/revisions\/17818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17817"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}