JPMorgan Expands Crypto Deposit Token JPM Coin to Ethereum
Photo: ZyCrypto
Kinexys, J.P. Morgan’s blockchain division within its Payments group, has expanded its USD deposit token JPM Coin (JPMD) onto Ethereum’s mainnet. The token is now available to the bank’s institutional clients and further extends regulated institutional finance onto public blockchains. Major institutions involved in both crypto and real-world asset activity increasingly want on-chain cash options issued by established, trusted banks and solutions that work seamlessly with the deposit products they already rely on. Ethereum’s strong on-chain liquidity and growing ecosystem of tokenized assets make it a strong candidate for J.P. Morgan to expand JPM Coin to another public blockchain.
Also reported by TheNewsCrypto, TheCoinrise, Live Bitcoin News.
Source: ZyCrypto
