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JPMorgan Expands JPM Coin Deposit Token to Ethereum Network

BullishMedium impact
JPM$339.72 1.25%ETHUSD$2,425.41 0.69%

JPMorgan Chase & Co. (JPM) expanded its U.S. dollar-denominated deposit token, JPM Coin (JPMD), to the Ethereum blockchain for institutional clients.

The expansion builds on the token's initial November 2025 launch on Base and enables peer-to-peer transfers across the Ethereum Virtual Machine network. Representing existing bank deposits on a public ledger allows institutional clients to execute native onchain payments with higher speed and efficiency while tapping into deeper liquidity.

This step follows the firm's previous rollout of tokenized money-market funds on Ethereum in December 2025 and May 2026. The bank's Kinexys platform has now processed over $4 trillion in total transaction volume, averaging $7 billion daily, as traditional financial institutions continue integrating public blockchain infrastructure.

Key points

  • JPMorgan expanded its USD-denominated JPM Coin (JPMD) deposit token to the Ethereum network for institutional clients.
  • JPM Coin initially launched on Base in November 2025 and now supports peer-to-peer transfers across Ethereum Virtual Machine networks.
  • The bank previously introduced tokenized money-market funds on Ethereum in December 2025 and May 2026.
  • JPMorgan's Kinexys platform has processed over $4 trillion in cumulative volume, averaging $7 billion in daily transactions.

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Questions and answers

What is JPM Coin JPMD?

JPM Coin is JPMorgan's U.S. dollar-denominated deposit token that represents existing bank deposits on a public blockchain, enabling fast onchain native payments for institutional clients.

Which blockchains support JPM Coin?

JPM Coin launched on Base in November 2025 and has expanded to Ethereum, supporting peer-to-peer transfers within the Ethereum Virtual Machine ecosystem.

How much transaction volume has JPMorgan handled on Kinexys?

JPMorgan's Kinexys platform has processed over $4 trillion in cumulative transactions, with average daily volumes reaching $7 billion.