SDM Executes First Ever $1 Million Lightning Network Payment to Kraken in Institutional Pilot
SDM completed a $1 million Bitcoin payment to Kraken via the Lightning Network, marking the largest publicly reported transfer of its kind.Summary
Secure Digital Markets (SDM) successfully executed a $1 million Bitcoin transaction over the Lightning Network to the cryptocurrency exchange Kraken on January 28, which is reported as the largest public Lightning payment to date. This institutional pilot, facilitated by Voltage's enterprise Lightning infrastructure, aimed to prove the network's capability for high-value settlements between regulated counterparties, addressing previous concerns about its suitability beyond small consumer payments. Both SDM and Kraken executives highlighted that this milestone signifies a shift in global settlement architecture, demonstrating Lightning's maturity for institutional needs by enabling near-instant settlement with minimal fees, unlocking Bitcoin's potential at a global scale.
(Source：Bitcoin Magazine)