JPMorgan Takes JPM Coin Beyond Base as Kinexys Hits $4T

TLDR JPMorgan has expanded JPM Coin to Ethereum after launching the deposit token on Base in November 2025. JPM Coin allows approved institutional clients to transfer tokenized dollar deposits around the clock. The bank restricts JPM Coin access to approved institutions, excluding retail users and unrestricted DeFi trading. Kinexys has processed over $4 trillion in cumulative transactions, averaging around $7 billion daily. JPMorgan’s Ethereum expansion follows its earlier launches of tokenized money-market funds on the blockchain. JPMorgan expanded JPM Coin (JPMD), its dollar deposit token, to Ethereum on October 19, allowing approved institutional clients to move bank deposits through another public blockchain. The move follows the token’s launch on Base in November 2025.

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