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JPMorgan brings JPM Coin deposit token to Ethereum for institutions
JPMorgan has brought its U.S. dollar-denominated deposit token, JPM Coin, to the Ethereum blockchain for institutional clients. Known as JPMD, the token represents the bank’s existing deposits on a public blockchain. It supports peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Ethereum and Base. JPMD first launched on Base in November 2025. In a statement shared with The Block, Kinexys by JPMorgan said Ethereum’s depth of on-chain liquidity and tokenized assets made it a natural next public blockchain for the token.
JPMorgan says JPMD enables institutional…
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