JPMorgan expands JPM Coin dollar deposit token to Ethereum
JPMorgan has launched its U.S. dollar deposit token, JPM Coin, on the Ethereum blockchain to allow institutional clients to transfer funds and settle transactions around the clock.
JPMorgan has expanded its U.S. dollar-denominated deposit token, JPM Coin, to the Ethereum blockchain for institutional clients, Bloomberg reported. The rollout extends the lender's blockchain payment capabilities onto a major public blockchain network.[3][5][7][2]
The token, also referred to as JPMD, represents dollar deposits at JPMorgan and allows clients to move funds 24/7 in seconds, bypassing conventional multi-day settlement delays. First launched last year on the Coinbase-affiliated network Base, the token supports peer-to-peer transfers across the Ethereum Virtual Machine ecosystem. Despite being deployed on a public network, holding JPM Coin remains restricted to authorized clients.[1][2][5][7]
Emma Landriault, global head of Kinexys Labs at JPMorgan's blockchain unit Kinexys, stated that Ethereum's deep on-chain liquidity and the existing activity of the bank's clients drove the expansion. Landriault said the offering targets large crypto companies that make payments on-chain and financial institutions trading tokenized assets, which can use the token as cash or post it as collateral. Across JPMorgan's Kinexys platform, cumulative transaction volume has exceeded $4 trillion, averaging $7 billion daily.[2][5][8][9]
Key facts
- JPMorgan expanded its U.S. dollar deposit token, JPM Coin (JPMD), to Ethereum for institutional clients.
- JPM Coin originally debuted last year on Base, a blockchain network affiliated with Coinbase.
- The token represents U.S. dollar deposits and enables 24/7 transfers settling in seconds.
- Although deployed on the public Ethereum blockchain, holding JPM Coin remains restricted.
- Kinexys Labs head Emma Landriault cited Ethereum's on-chain liquidity and existing client activity as key reasons for selecting the network.
- The expansion is aimed at major crypto firms paying on-chain and financial institutions trading or posting collateral in tokenized assets.
- JPMorgan's Kinexys platform has processed more than $4 trillion in cumulative transactions and averages $7 billion in daily volume.
Sources · 8 sources
- QU
Quartz@qzPost on X ·
JPMorgan just brought its dollar token to Ethereum — and Wall Street noticed: JPMorgan is expanding its JPM Coin deposit token to the Ethereum blockchain, letting institutional clients move dollar-backed funds in seconds, around the clock.… dlvr.it/TVzB5j #JPMorgan #JPMCoin https://t.co/DocJGfEDRm
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: JPMorgan has brought its USD-denominated deposit token JPM Coin $JPMD to Ethereum for institutional clients. Kinexys by JPMorgan told The Block that Ethereum's "established depth of onchain liquidity and tokenized assets" makes it a natural next public blockchain for JPMD, which was first launched last year on Base.
Open source - BL
Bloomberg@businessPost on X ·
JPMorgan is launching its deposit token on Ethereum, extending the lender’s push into blockchain payments https://t.co/8Vdr7v3AGn
Open source - FC
Frank Chaparro@fintechfrankPost on X ·
JPMorgan is launching JPM Coin on Ethereum. The largest bank in the US is bringing tokenized dollar deposits to a public blockchain, allowing institutional clients to move money 24/7 and settle in seconds. Wall Street’s migration onchain continues https://t.co/NSBbXHg4mC
Open source - UN
UnchainedArticle ·
JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use JPMorgan is launching JPM Coin , its dollar deposit token, on Ethereum and will offer it to the bank’s institutional clients there, the bank said in a statement on Monday, Bloomberg reported . Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Why Ethereum Ethereum’s liquidity, and the fact that the bank’s clients are already on it, decided the pick, said Emma Landriault , global head of Kinexys Labs at JPMorgan’s blockchain unit Kinexys . “We’ve clearly been in a year of further convergence between Wall Street and crypto,” Landriault was quoted by Bloomberg as saying in an interview. “It’s not just Wall Street going to public chains, but the institutional web3 players getting more embedded and partnering with traditional financial institutions.” Who It’s For Landriault reportedly told Bloomberg that JPM Coin is aimed at two groups. One is big crypto firms that pay onchain. The other is financial institutions active in tokenized assets, which can use the token as onchain cash to close out those trades or post it as collateral against them. The token represents U.S. dollar deposits at JPMorgan. It debuted last year on Base, a blockchain affiliated with Coinbase. Clients can use it to move dollars in seconds at any hour, any day, where a transfer can otherwise take several days and runs only within business hours. A Public Chain for a Private-Network Bank Tokenization, the practice of representing funds, bonds, stocks and similar assets on a blockchain, is not new for banks, which have been trying it for over a decade. A large share of those trials ran on permissioned systems where banks control access. JPM Coin’s move to Ethereum puts it on a public chain, though holding it remains restricted. JPMorgan already operates its own private blockchain, the Kinexys Blockchain Deposit Account network, where corporate clients transfer dollars, euros, pounds and several other currencies. According to JPMorgan, daily volume on that network tops $7 billion ; Bloomberg reported that the bank’s payments arm as a whole handles around $12 trillion in daily payments. Companies outside banking are also issuing digital dollars. Last month, Open Standard launched Open USD (OUSD) , a dollar stablecoin backed by Visa, Mastercard, Stripe and others, on Ethereum, Solana, Base and Tempo. Related Listen: ‘Trust Me, Bro’: Why Canton Is No More Private Than JPMorgan Is Private The post JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use appeared first on Unchained .
Open source - QU
Quartz@qzPost on X ·
JPMorgan is bringing its dollar deposit token to Ethereum for institutional clients: The token, first launched on Coinbase-affiliated Base in November 2025, lets clients move money around the clock dlvr.it/TVzCHs https://t.co/4gkJ3kDq0o
Open source - TB
The BlockArticle ·
JPMorgan expands ‘JPM Coin’ deposit token to Ethereum for institutional clients The USD-denominated deposit token now supports peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Base.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🏦 JUST IN: JPMorgan launches its JPM Coin (JPMD) deposit token on Ethereum, expanding beyond Base to enable institutional payments and transfers. The bank's Kinexys platform has processed over $4 trillion in cumulative transactions, averaging $7 billion daily. https://t.co/3PLZWPQwSG
Open source - CO
CoinDesk@CoinDeskPost on X ·
NEW: @JPMorgan is bringing its JPM Coin deposit token to Ethereum, targeting crypto firms and institutional clients that need a regulated digital token for blockchain payments and trade settlement. https://t.co/CUd037WnuP
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