J.P. Morgan opens new tab arranged a short-term bond for Galaxy Digital Holdings on the Solana blockchain, the bank said on Thursday, marking a significant step in the broader institutional adoption of digital assets. Cryptocurrency exchange Coinbase Global (COIN.O), opens new tab and investment management firm Franklin Templeton purchased the commercial paper, a short-term and unsecured debt instrument. The $50 million debt deal comes at a time when tokenization is rapidly increasing, especially in the U.S., helped by the passage of new regulations. President Donald Trump's administration has eased regulation of the broader crypto industry, paving the way for a boom in the valuation of companies in the sector and the rapid growth of crypto-related securities.