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JPMorgan expands ‘JPM Coin’ deposit token to Ethereum for institutional clients

JPMorgan expanding JPM Coin to Ethereum for institutional clients signals major bank adoption.

Context

What happened: JPMorgan expanded its JPM Coin deposit token to Ethereum, adding peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Base. Why it matters: The move extends the USD-denominated deposit token beyond its original network to Ethereum-based infrastructure for institutional clients. Key numbers: No specific figures provided.

What changed

JPMorgan expanded its JPM Coin deposit token to Ethereum, adding peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Base.

Why it matters

The move extends the USD-denominated deposit token beyond its original network to Ethereum-based infrastructure for institutional clients. Key numbers: No specific figures provided.

Sources

theblock