Coinbase and Franklin Templeton Become First Buyers of Galaxy’s Tokenized Notes

5 days ago 8

James Morales

Fri, December 12, 2025 astatine 9:07 AM CST 1 min read

Key Takeaways

Galaxy Digital has issued its archetypal tokenized commercialized insubstantial connected the Solana blockchain.
Coinbase and Franklin Templeton bought the integer notes.
USDC powers issuance and redemption.

Galaxy Digital has completed its archetypal tokenized commercialized insubstantial issuance connected Solana, in a woody arranged by JPMorgan, the slope announced connected Thursday, Dec. 11.

The notes were purchased by Coinbase and Franklin Templeton, some of which are progressive successful the tokenization space.

The caller commercialized insubstantial offering marks Galaxy’s latest foray into tokenization.

Previously, the steadfast had issued its ain Class A Common banal arsenic Solana tokens and had explored caller on-chain indebtedness mechanisms utilizing an NFT that represented a Stradivarius violin.

For the commercialized insubstantial offering, Circle’s USDC has been integrated for issuance and redemption, portion JPMorgan created the token and facilitated the delivery-versus-payment settlement.

The American Bank has emerged arsenic a person successful the field. For instance, Singapore’s second-largest bank, OCBC, issued a $1 billion tokenized commercialized insubstantial programme utilizing JPMorgan’s Kinexys level successful August.

The archetypal buyers of Galaxy’s tokenized notes were Coinbase and Franklin Templeton, providing aboriginal organization validation for the structure.

Beyond its relation arsenic an investor, Coinbase provided wallet services for the tokenized notes and powers the USDC on- and off-ramp.

Celebrating the “milestone transaction,” Coinbase Institutional Co-CEO Brett Tejpaul called the woody a “powerful objection of however organization concern is embracing nationalist blockchain technology.”

The station Coinbase and Franklin Templeton Become First Buyers of Galaxy’s Tokenized Notes appeared archetypal connected ccn.com.