💳 #JPMorgan – Crypto Update

1. JPMD: Token Deposit Bank on Public Blockchain

JPMorgan has launched a deposit token called JPMD on the public layer-2 Ethereum (Base). JPMD is designed for institutional clients, is insurable, and complies with KYC/AML. However, so far its adoption is still limited as it only functions if both parties use JPMorgan.

2. Crypto Used as Credit Collateral

JPMorgan is now opening access for clients to borrow with Bitcoin ETF or crypto tokens as collateral — a significant move following their decision to include digital assets in the assessment of client wealth.

JPMorgan shows an ambitious shift: from skepticism to accelerating institutional utility through tokens and crypto-based loans.

CONCLUSION: Institutional banks are increasingly accepting and facilitating Crypto

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