JPMorgan’s Blockchain Unit Makes Bank Deposit Token JPM Coin Available on Ethereum Mainnet
Photo: The Daily Hodl
Kinexys, JPMorgan’s blockchain platform, has brought its bank deposit token to the Ethereum ( ETH ) mainnet for institutional clients. Oli Harris, global head of Kinexys, announced the expansion of JPM Coin (JPMD) on LinkedIn on Monday morning. “More institutions are moving on chain and we want our clients to have USD deposit liquidity wherever they’re operating. A lot of that activity is on Ethereum, so it was the natural place to go next.” JPM Coin is a bank-issued digital representation of a commercial bank deposit held in JPMorgan accounts.
Source: The Daily Hodl
