Galaxy Digital Raises $50M via Solana-Tokenized Commercial Paper Issuance on December 11, 2025

Galaxy Digital issued short-term commercial paper on December 11, 2025, raising $50M through debt tokenized on the Solana blockchain. J.P. Morgan arranged the transaction, while Coinbase acted as custodian and lead investor alongside Franklin Templeton. The bank said that proceeds from both issuance and redemption will be settled in USDC.