JPMD Trademark Files Registered Coverage Crypto Payment Services

JPMorgan Chase has filed a new trademark application for "JPMD", covering digital asset trading services and payment processing.

The registration describes services related to cryptocurrencies, including exchange operations, transfer features, and clearing processes.

Industry observers speculate that the move signals the potential development of a stablecoin, following reports from The Wall Street Journal about joint banking initiatives.

The trademark application comes at a time when major banks, including Bank of America and Wells Fargo, are exploring collaboration on a stablecoin for ventures.

JPMorgan already operates the Kinexys platform, which has processed over $1.5 trillion in blockchain-based interbank payments using JPM Coin.

The bank's private stablecoin maintains 1:1 parities with the US dollar, British pound, and euro for institutional clients.

CEO Jamie Dimon remains critical of $BTC while also supporting blockchain technology for financial infrastructure applications.

The U.S. Senate passed legislation on stablecoins under the GENIUS Act in a 68-30 vote, establishing potential regulatory clarity.