JPMorgan issues first U.S. debt deal on popular blockchain

A major Wall Street bank has just moved a slice of the U.S. money market onto a public blockchain. Instead of living on a bank’s internal ledger, a new batch of short-term U.S. debt now exists as tokens on Solana, with cash legged in and out via a dollar stablecoin. The deal showcases that institutions are no longer just testing private chains in sandboxes, but beginning to transact in size on public networks. Related: Explained: What is a stablecoin? Wall Street’s first U.S. debt deal on a public bloc ...