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J.P. Morgan
Active AUM
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DeFi Active TVL$0
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Live Assets1
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Corp Bond Fund | $0 | |||||||||
About J.P. Morgan
In late 2025 JPMorgan Chase issued tokenized commercial paper (CUSIP 36317HAA2) on the Solana blockchain in partnership with Galaxy Digital. The transaction was structured by JPMorgan's capital markets desk with Galaxy as tokenization agent and on-chain custodian, representing one of the first tokenized commercial paper issuances by a US G-SIB. The token is a representation of standard short-dated commercial paper held in DTC; investors hold beneficial interest via Galaxy's on-chain wrapper. Subscriptions are USD/USDC-only with KYC required at the qualified-institutional level. The product validates Solana as a venue for institutional-grade fixed-income tokenization and complements JPMorgan's broader Kinexys platform.
Entity
Legal entityJPMorgan Chase Bank, N.A. (issuer of underlying commercial paper); Galaxy Digital Capital Markets (tokenization agent)
Primary chainSolana
Registry
Underlying instrument is JPMorgan Chase & Co. commercial paper (CUSIP 36317HAA2), issued by JPMorgan Chase Bank, N.A., a US national bank chartered by the OCC. Tokenization performed by Galaxy Digital Capital Markets, Galaxy Digital Holdings Ltd. subsidiary (TSX:GLXY), via Galaxy's Solana-based asset-issuance program in collaboration with JPMorgan's Kinexys platform. JPMorgan Chase & Co. is regulated by the Federal Reserve, OCC, and FDIC.
Compliance
Of 1 assets
Attested0 of 1
KYC to mint or redeemunknown
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemable1 of 1
Attestation frequencyOn-issuance plus monthly Galaxy custody attestation
Fees & revenue
Revenue modelAsset Manager Fee
ConfidenceReasoned Estimate
Fees Last Verified2026-05-10
Single-issue tokenized commercial paper. JPMorgan earns the typical bank-issuer spread on the commercial paper. Galaxy earns a tokenization/custody fee that is not publicly disclosed but typical comparables are 5-15bps. No retail mint/redeem fees; institutional pricing.