Solana Gains Institutional Validation as Coinbase, Galaxy, JPM Push On-Chain Debt

[mendez]

A landmark collaboration between JP Morgan, Galaxy Digital, and Coinbase has delivered a fully on-chain commercial paper deal using Solana for speed and scalability.
JP Morgan created the tokenized debt, Galaxy structured the offering, and Coinbase handled custody, wallets, and USDC settlement infrastructure.

Solana was chosen for its low-cost, high-throughput design, while USDC provided real-time settlement reliability. Despite the historic moment, SOL price barely moved, trading around $136—likely due to broader market softness and recent profit-taking.

Traditional finance and crypto-native firms working side-by-side show the ecosystem is rapidly moving toward mainstream institutional adoption.

[Rimon Khan]

Institutional interest in Solana keeps growing. This could be a major turning point for long-term adoption.

[Nahid Hossen]

Big players moving on-chain with Solana shows how fast the ecosystem is maturing. Bullish signal overall!