JPMorgan expands 'JPM Coin' deposit token to Ethereum for institutional clients

Key Points:

• JPMorgan has extended its USD-denominated deposit token, JPM Coin (JPMD), to the Ethereum blockchain to serve institutional clients, following its initial launch on Base in November 2025.
• JPMD represents JPMorgan's bank deposits on a public blockchain, facilitating faster and more efficient onchain payments and peer-to-peer transfers within the Ethereum Virtual Machine ecosystem.
• This move aligns with JPMorgan's broader strategy to tokenize traditional financial instruments, including the launch of tokenized money-market funds on Ethereum in December 2025 and May 2026.
• The Kinexys platform by JPMorgan, which supports JPMD, has processed over $4 trillion in cumulative transactions with an average daily volume of $7 billion, highlighting significant institutional adoption.
• Industry experts view JPMorgan's expansion onto Ethereum as a strong indicator of institutional finance increasingly embracing public, verifiable blockchain infrastructure.