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[BUSINESS] · United States · 15 sources

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Part of situation: Integration of blockchain in traditional finance (9 clusters)

JPMorgan expands JPM Coin deposit token to Ethereum

JPM Coin Ethereum tokenized deposits institutional payments blockchain settlement

JPMorgan Chase has expanded its JPM Coin deposit token to the Ethereum mainnet, providing institutional clients with an additional public blockchain for 24/7 dollar transfers, securities settlement, and collateral payments. The token, which uses the ticker JPMD, represents commercial US dollar deposits held at the bank.

This expansion follows the token's November 2025 debut on the Base network. JPMorgan cited Ethereum's deep liquidity and existing ecosystem of tokenized assets as primary reasons for the move. The bank aims to bridge the gap between traditional banking and blockchain-based finance, potentially allowing for 'delivery versus payment' (DvP) where tokenized securities and settlement cash are exchanged within the same environment.

Access to JPM Coin remains restricted to approved institutional customers and is not intended for public cryptocurrency trading or retail use. The bank's blockchain unit, Kinexys, noted that the move facilitates convergence between traditional Wall Street institutions and Web3 players. JPMorgan already maintains a presence on Ethereum through tokenized money-market funds like MONY and JLTXX.

Entities

BNY · Bank for International Settlements · Base · Citigroup Inc. · Coinbase · Emma Landriault · Ethereum · JPMorgan Chase · JPMorgan Chase & Co. · Kinexys · Kinexys Labs

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

JPMorgan Expands JPM Coin to Ethereum for Institutional Payments [coinpedia.org]
JPMorgan Picks Ethereum for JPM Coin, Citing the Network's Liquidity and Client Use - Unchained [unchainedcrypto.com]
Bitcoin Whale Capital Shifts Toward Recent Holders as Demand Stays Negative [econotimes.com]
JPMorgan Brings JPM Coin to Ethereum for Tokenized Settlement Blockchain News ETHNews [ethnews.com]
Why Stablecoins May Never Escape Traditional Banking Risks: Frgmnt CEO [news.bitcoin.com]
Jamie Dimon Criticizes Bitcoin, JPMorgan Opens Up to Ethereum! Here's Their New Move! [en.bitcoinsistemi.com]
JPMorgan brings JPM Coin to Ethereum for institutional payments [crypto.news]
Blockchain Market Heads for $611bn Despite Crypto Slump [europeanbusinessmagazine.com]
JPMorgan Brings Bank Deposits to Ethereum’s Tokenized Markets [coindoo.com]
Blockchain Development Gains Global Momentum as Stablecoin Infrastructure Expands Across Borders | evere [evere.co]
JPMorgan Enter Stablecoin Payments, Digital Dollar Race Get New Giant [nnn.ng]
Frgmnt CEO Says Fiat-Backed Stablecoins May Remain Exposed to Banking Risks | TokenPost [www.tokenpost.com]
Putting Deposits on Blockchain: Banks Meet Stablecoins [blocktelegraph.io]
JPMorgan Brings JPM Coin To Ethereum For Institutions [bitnewsbot.com]
JPMorgan brengt digitale bankdeposito's naar Ethereum en versnelt ingrijpende verandering van internationaal betalingsverkeer [kowchecking.com]