J.P. Morgan Issues USD Deposit Token on Public Blockchain

Kinexys by J.P. Morgan, the firm’s blockchain business unit, has brought institutional finance onchain, marking a significant, tangible step forward in the evolution of digital money. Following a successful proof-of-concept of JPMD, J.P. Morgan’s USD-denominated deposit token JPM Coin (ticker: JPMD) is now available for J.P. Morgan’s institutional clients’ use on Base, the Ethereum Layer 2 blockchain built within Coinbase. JPMD remains the ticker for the JPM Coin USD deposit token.