The new onchain platform lets professional poker players sell tokenized shares of tournament entries, while deposits and payouts in USDC are settled onchain.
Jupiter Exchange has launched Jupiter Poker, an onchain platform that allows professional poker players to sell tokenized shares of their tournament runs. The product uses USDC, a U.S. dollar-pegged stablecoin, for deposits and payouts, with settlement taking place onchain. The launch connects blockchain-based settlement with a staking-style tournament backing model commonly used in poker, giving participants a way to fund entries and receive proceeds through tokenized ownership structures recorded on a blockchain.