JPMorgan Chase & Co. has executed a landmark $50 million commercial paper issuance for Galaxy Digital on the Solana blockchain, settling entirely in the USDC stablecoin with Coinbase and Franklin Templeton as buyers. This transaction represents the first time the banking giant has moved real-world corporate debt onto a public blockchain with participants from the crypto ecosystem, signaling a strategic pivot from closed, permissioned ledgers to open infrastructure. The deal underscores a broader institutional trend where tokenized assets, from Treasury funds to corporate debt, are rapidly expanding beyond proof-of-concept pilots into production-grade financial infrastructure.
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Swift Picks Linea for Blockchain Interbank Messaging Pilot
In a landmark move for financial technology, global banking consortium Swift has selected Consensys-developed Ethereum layer-2 network Linea to pilot its transition from traditional interbank messaging to blockchain-based communications. The multi-month pilot, involving major institutions like BNP Paribas and BNY Mellon, represents Swift’s most significant entry into blockchain technology to date, targeting the modernization of an industry that processes billions of payment instructions annually. The selection specifically addresses banks’ critical need for transaction confidentiality through Linea’s zero-knowledge proof technology while promising greater speed, transparency, and programmability than traditional payment methods.
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XRP’s landscape has fundamentally shifted following the SEC’s September 18 approval of spot ETF standards, culminating in the launch of the first U.S. XRP ETF. The token surged to $3.13 on debut day but now trades at $2.99 amid profit-taking and whale sales. Investors face a critical juncture: whether a potential move to $3.50 represents a near-term peak or a springboard toward $5 as institutional adoption accelerates.
about XRP ETF Launch & Price Outlook: Buy, Sell, or Hold?US Stock Futures Rise Ahead of Key Consumer Inflation Data
US stock futures rose as strong bank earnings boosted investor sentiment ahead of crucial consumer inflation data. Dow futures climbed 0.5%, S&P 500 futures increased 0.3%, and Nasdaq 100 futures added 0.4%. Notable gains were seen in JPMorgan Chase and BlackRock, with the CPI report expected to show annual inflation at 2.9%.
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