JPMorgan Chase has submitted an application to the U.S. Patent and Trademark Office to register the brand 'JPMD' for a wide range of crypto services, including trading, exchange, transfer, settlement, and processing of payments in digital assets. The bank is likely planning to expand its blockchain solutions, possibly even launching its own stablecoin.
Previously, The Wall Street Journal reported on JPMorgan's negotiations with other major banks (Bank of America, Wells Fargo) to create a joint stablecoin to accelerate domestic and cross-border transfers. Already, the bank's Onyx platform (formerly Kin) processes trillions of dollars in private stablecoins JPM Coin.
