JPM Coin’s Ethereum launch targets institutional payments and asset settlement

JPMorgan is bringing its deposit token to Ethereum for institutional clients, extending a rollout that began on Base last year. The JPM Coin launch on Ethereum , announced on October 19, 2026, targets on-chain payments for large crypto clients and transactions involving tokenized assets. JPM Coin represents clients’ U.S. dollar deposits at JPMorgan. The bank said in a statement that it will make the token available to its institutional customers on the Ethereum network, broadening its use of blockchain in institutional finance. JPM Coin’s Ethereum launch targets payments and tokenized assets The Ethereum deployment is expected to support both on-chain payments for large clients in the crypto sector and financial institutions’ tokenized asset transactions.

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