Solana Launches Bank Settlement Tool

Solana has launched an open-source system designed to settle tokenized institutional trades in seconds, with the asset and payment moving together or neither moving at all. J.P. Morgan helped shape the settlement requirements—but has not endorsed or committed to use the system. Is this enough to move real bank trades onto a public blockchain?

Also covered: Ethereum testing a 200 million gas limit on Sepolia, Bitcoin challenging $87,000 despite Monday fund outflows, Circle and Ripple joining a $25 billion OKX funding round, Parataxis canceling a Korean merger, BitGo’s prime-brokerage ambition, and prediction markets attracting millions of dollars in reality-TV trades.

Listener question: Would you accept banks and token issuers retaining freeze powers if regulated assets could settle atomically on a public blockchain?

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