J.P. Morgan Launches First USD Deposit Token on a Public Blockchain
👉$JPM (JPMorgan Chase & Co) has become the first major bank to issue a USD-denominated deposit token (JPMD) on a public blockchain, marking a significant development in the integration of traditional finance and digital infrastructure. The token, launched on Base, Coinbase’s Ethereum Layer 2 network, enables institutional clients to make instant, 24/7 on-chain payments backed by regulated bank deposits.
👉Developed by Kinexys by J.P. Morgan, the initiative brings together bank-grade security with the efficiency of blockchain settlement. Early participants, including B2C2, $MA (Mastercard) , and $COIN (Coinbase Global Inc) , successfully tested JPMD for real-time settlement and liquidity, demonstrating its potential to enhance payment speed and transparency.
👉By moving from a private to a public blockchain, the deposit token introduces a regulated framework for on-chain transactions, creating a pathway for institutions to engage securely in the digital asset ecosystem while maintaining confidence in traditional banking standards.
Read more ❓
thefintechtimes.com/j-p-morgan-becomes-first-bank-to-issue-usd-deposit-token-on-a-public-blockchain/
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Sat Jan 17 2026 18:46:23 GMT+0000 (Coordinated Universal Time)
