Criptor

An RSS reader for cryptocurrency news

Criptor

Your comprehensive RSS reader for all things cryptocurrency. Stay updated with the latest news from around the globe.

Quick Links

About
Privacy Policy
Terms of Service
Cookie Policy

Resources

Disclaimer
Blog
Help Center
Contact

© 2025 Criptor. All rights reserved.

Built with ♥ for crypto enthusiasts

Home›The Defiant›Galaxy Digital Issues Commercial Paper on Solana via JPMorgan

The Defiant

Original publisher

Share:

Galaxy Digital Issues Commercial Paper on Solana via JPMorgan

December 11, 2025

1 min read

Galaxy Digital Issues Commercial Paper on Solana via JPMorgan

Galaxy Digital Holdings LP has issued its first U.S. Commercial Paper on the Solana blockchain, which boasts a total value locked of over $10 billion.

J.P. Morgan, the largest bank in the world by market capitalization, acted as an arranger for the deal and created the on-chain USCP token used. The securities were purchased by Coinbase, the largest U.S.-based centralized crypto exchange (CEX), and Franklin Templeton.

Payments for both the initial issuance and the redemption will be made in USDC stablecoins from Circle – USDC is currently the second-largest circulating stablecoin with a market capitalization of $78 billion. Meanwhile, Galaxy Digital Partners LLC, Galaxy’s investment banking affiliate, structured the deal.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

RELATED TOPICS

digital holdingslargestholdingsblockchain boastsissued commercialusdcissuedcapitalizationmarket capitalizationdigitalcriptorgalaxysolana blockchaincommercial paperholdings lplpgalaxy digitalpaper solanalp issuedmarketcommercialthe defiant

More From The Defiant

HyENA Volume Crosses $50 Million in First 48 Hours

HyENA Volume Crosses $50 Million in First 48 Hours

1 day ago

Interactive Brokers Enables Stablecoin Deposits

Interactive Brokers Enables Stablecoin Deposits

18 hours ago

Arbitrum DAO Votes on $1.5 Million Program to Reward Active Delegates

Arbitrum DAO Votes on $1.5 Million Program to Reward Active Delegates

1 day ago

View All Articles

Market Overview

Bitcoin

90,191.99-0.085%

Ethereum

3,114.70.967%

Binance Coin

889.980.952%

Ripple

2.03821.529%

Solana

133.390.839%

You May Also Like

Crypto Markets Post Minor Losses Amid Tech Sell-Off

Crypto Markets Post Minor Losses Amid Tech Sell-Off

DTCC Gets SEC Clearance to Pilot Tokenized U.S. Securities

DTCC Gets SEC Clearance to Pilot Tokenized U.S. Securities

Solana Lending Markets Surge as Network Positions for Trillion-Dollar DeFi Future: Redstone

Solana Lending Markets Surge as Network Positions for Trillion-Dollar DeFi Future: Redstone

Crypto Markets Drop Amid Rising US Jobless Claims

Crypto Markets Drop Amid Rising US Jobless Claims