JPMorgan Takes JPM Coin To Ethereum As Banks Test Public-Chain Settlement
Summary
JPMorgan is expanding its deposit-token product, JPM Coin, onto public Ethereum for eligible institutional customers. The token represents dollars deposited at the bank, not an independently issued stablecoin, and remains subject to JPMorgan’s access and compliance controls. The move offers institutions around-the-clock payments and settlement, including potential use in moving collateral and settling tokenized-asset trades. JPM Coin was previously introduced on Base. The development brings a major bank’s controlled payment product to another public blockchain without making it freely available to ordinary Ethereum users.
