JPMorgan Launches JPM-D Blockchain—Tokenization Hits Wall Street
🏦 JPMorgan has officially launched JPMD, a USD-denominated deposit token for institutional clients, marking the first time a major U.S. bank has issued commercial money on a public blockchain. The pilot runs on Base, Coinbase’s Ethereum Layer 2 network, offering 24/7 settlement, real-time liquidity, and interest-bearing capabilities.
📈 Unlike stablecoins, JPMD represents actual bank deposits, backed 1:1 by JPMorgan’s balance sheet.
It’s a permissioned token, available only to verified institutional wallets, and designed to integrate seamlessly with traditional banking systems.
💬 “JPMD combines the credibility of JPMorgan with the speed of blockchain,” said Kinexys co-head Naveen Mallela.
The token is already being used for cross-border B2B payments, tokenized asset settlement, and onchain treasury operations.
📊 Key metrics:
- Blockchain: Base (Ethereum L2)
- Settlement speed: sub-second
- Transaction cost: <$0.01
- Institutional pilot: live with Coinbase and select clients
- Regulatory status: compliant under GENIUS Act framework
Why it matters:
✅ Deposit tokens offer a regulated alternative to stablecoins
✅ Wall Street is officially onchain, with JPMorgan leading the charge
✅ Tokenization of real-world assets now has bank-grade infrastructure
🧠 Will JPMD become the standard for institutional digital cash—and reshape how capital moves globally?
👇 Are you building tokenized finance tools or integrating deposit tokens into your stack?
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