JPMorgan drops JPM Coin on Ethereum with zero retail access
Summary
JPMorgan made its JPM Coin deposit token, JPMD, available to institutional clients on Ethereum on Oct. 19, adding the network alongside Base for peer-to-peer transfers of dollar deposits. The expansion places bank cash on the same blockchain as tokenized assets and funds, including JPMorgan’s MONY and JLTXX products. Access remains limited to institutional clients, with no retail rollout. Although the products share Ethereum, JPMorgan has not announced a direct facility linking JPMD transfers to fund subscriptions or redemptions.
