Launches·October 19, 2026 at 3:00 AM EDT·4 sources
JPMorgan Brings Deposit Token JPM Coin to Ethereum for Institutional Clients
JPM -1.5%
JPM · last 30 trading days-2.4% since the news
News
What happened
- JPMorgan is launching its dollar-denominated deposit token, JPM Coin, on the Ethereum network for institutional clients.
- The token supports peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Base.
- JPM Coin represents dollar deposits held at JPMorgan and can settle in seconds, any day of the week.
Why it matters
The move expands institutional use of public blockchain infrastructure for bank payments and could broaden JPMorgan’s blockchain-based transaction services.
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Timeline
- First reported by BloombergOct 19JPMorgan Brings Deposit Token JPM Coin to Ethereum for Institutional Clients
- The Block reportsOct 19JPMorgan expands ‘JPM Coin’ deposit token to Ethereum for institutional clients
- CoinDesk reportsOct 19JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg
- Decrypt reportsOct 19JPMorgan's JPM Coin Arrives on Ethereum, Putting Bank Dollars on a Public Blockchain
Who is involved
JPMorgan Brings Deposit Token JPM Coin to Ethereum for Instit…JPMorgan Chase & Co.JPMEthereumBase
Company
Sources (4)
- BloombergOct 19JPMorgan Brings Deposit Token JPM Coin to Ethereum for Institutional Clients
- The BlockOct 19JPMorgan expands ‘JPM Coin’ deposit token to Ethereum for institutional clients
- CoinDeskOct 19JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg
- DecryptOct 19JPMorgan's JPM Coin Arrives on Ethereum, Putting Bank Dollars on a Public Blockchain
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