J P MORGAN CONDUCTS REAL FINANCIAL TRANSACTIONS ON SOLANA

🔹 J.P. Morgan (, the largest bank in the US), just helped Galaxy Digital create and sell a short-term bond, but instead of doing it the traditional way through slow and complex banking systems, they handled the entire process on Solana.

🔹 J.P. Morgan created an onchain version of commercial paper (a type of short-term corporate loan) and brought it onto the Solana blockchain.

🔹 Investors buy this bond with stablecoin, and Galaxy will also repay with stablecoin.
This is the first time in the history of the US commercial paper market that this has been done.

🔹 They chose Solana because Solana is fast, cheap, and capable of handling high transaction volumes#GateNovTransparencyReportReleased