J.P. Morgan and Galaxy are advancing with tokenization on Solana.

J.P. Morgan Collaborates with Galaxy Digital

J.P. Morgan has organized Galaxy Digital’s commercial paper issuance on the Solana blockchain. This stands out as one of the first applications of its kind in the United States.

Additionally, this short-term debt instrument was purchased by Coinbase and Franklin Templeton. The transactions were carried out using USDC. The tokenization of real-world assets, in particular, is gaining increasing interest.

Experts predict that this market could reach 18.9 trillion dollars by 2033. Significant changes in the financial services sector are expected with the digitalization of assets in the future.