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JPMorgan takes JPM Coin to Ethereum for institutional clients: Report
JPMorgan expanding JPM Coin to Ethereum targets institutional clients, signaling major bank crypto adoption.
Context
What happened: JPMorgan is reportedly expanding its JPM Coin deposit token to Ethereum, letting institutional clients make payments and settle tokenized asset transactions, per Bloomberg.
Key numbers: JPM Coin launched on Base in November 2025; Canton Network plans announced in January.
Why it matters: Emma Landriault of Kinexys Labs cited Ethereum's liquidity and existing client use. Tokens stay restricted to approved institutional participants despite public network issuance.
What changed
JPMorgan is reportedly expanding its JPM Coin deposit token to Ethereum, letting institutional clients make payments and settle tokenized asset transactions, per Bloomberg.
Why it matters
Emma Landriault of Kinexys Labs cited Ethereum's liquidity and existing client use. Tokens stay restricted to approved institutional participants despite public network issuance.