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Following a successful proof-of-concept of JPMD, the JPM Coin USD deposit token is now available for J.P. Morgan’s institutional clients to move money quickly, easily and securely onchain.
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Clients, including B2C2, Coinbase, and Mastercard, all successfully completed near-instant issuance and redemption of JPMD on Base as part of the proof-of-concept. Kinexys by J.P. Morgan launched the USD deposit token proof-of-concept in June 2025.
(via ETH Daily)
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JPMorgan has launched a USD-backed deposit token, JPMD, on Coinbase’s Ethereum Layer 2 Base network. Targeted at institutional clients, JPMD
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