Overview
- JPM Coin (ticker JPMD) is now live on Base for verified institutional clients, enabling 24/7 payments that settle in seconds.
- Each token represents U.S. dollar deposits held at JPMorgan, and the asset can be posted as collateral on Coinbase.
- The rollout follows months of testing with partners including Mastercard, Coinbase, and liquidity provider B2C2.
- JPMorgan and DBS are building an interbank, cross‑chain framework by linking Kinexys Digital Payments with DBS Token Services to move tokenized deposits across networks.
- Planned next steps include client‑of‑client access, expansion to additional blockchains, and a euro version (JPME), all subject to regulatory clearance.