#JPMCoinOnEthereum

About JPMCoinOnEthereum

JPMorgan announced Oct 19 that its USD deposit token JPMCoin (JPMD) is live on Ethereum mainnet for approved institutional clients. JPMD represents dollar deposits held at the bank and supports 24/7 onchain transfers, settlement and collateral management. JPMorgan cited Ethereum’s existing onchain liquidity and tokenized asset ecosystem as key reasons for the expansion. Will institutions use onchain bank deposits more widely for digital asset and RWA trading and settlement?