JPMorgan’s Token Goes Live for Institutional Clients 💰

JPMorgan Chase — the largest bank in the U.S. — has officially launched its deposit token, “JPM Coin,” for institutional clients, according to Bloomberg.

🪙 What Is a Deposit Token?

A deposit token is a blockchain-based version of funds held in a traditional bank account.

For example, a company with $10 million in deposits at JPMorgan can now receive $10 million worth of JPM Coins on-chain — fully backed, instantly transferable, and usable as collateral within blockchain networks.

⚙️ From Pilot to Production

JPMorgan first introduced JPM Coin in 2019 as a pilot for instant payments between major institutions. Now, it’s entering real-world use, marking a major milestone in tokenized banking.

🔗 Powered by Base

The new version of JPM Coin runs on Base, Coinbase’s public blockchain.

This integration enables real-time fund transfers, eliminating the need to wait for business hours or cross-border settlements.

JPM Coin signals a future where institutional money moves at blockchain speed — securely, transparently, and without delays.

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