JPMorgan Takes JPM Coin To Ethereum As Banks Test Public-Chain Settlement
Summary
JPMorgan is expanding JPM Coin, its tokenized bank-deposit product, onto public Ethereum. The move gives eligible institutional customers another network for around-the-clock payments and settlement, including potential transfers of collateral and settlement against tokenized assets. Unlike a conventional stablecoin, JPM Coin represents deposits held at JPMorgan and remains subject to the bank’s access and compliance controls; it is not freely transferable to ordinary Ethereum users. The expansion follows JPM Coin’s launch on Base and signals a major bank using public blockchain infrastructure while retaining permissioned access.
