JPMorgan Brings JPM Coin Deposit Token to Ethereum for Institutional Clients

J.P. Morgan announced on October 19 that its Kinexys business had brought JPM Coin (JPMD), its US dollar-denominated deposit token, to Ethereum mainnet for institutional clients. Confirmed in a company announcement , the deployment expands JPM Coin’s availability beyond Base, giving approved participants another public blockchain for moving tokenized deposits. JPM Coin remains a permissioned product restricted to approved institutional participants rather than a retail-accessible crypto asset, according to Cointelegraph. JPM Coin goes live on Ethereum mainnet The Ethereum deployment places JPM Coin on the network where a broad range of assets, collateral arrangements and counterparties already operate onchain. It gives clients another public-chain option for near-real-time, around-the-clock money movement, according to Bloomberg Law . JPM Coin is denominated in US dollars and represents deposits within J.P. Morgan’s system.

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