Key Notes

The nation's largest bank partners with America's biggest crypto platform to modernize institutional payment infrastructure.

Commercial banking transactions now execute instantly using blockchain rails rather than traditional multi-day clearing systems.

JPMorgan pursues euro-denominated token development while Coinbase relocates corporate headquarters to business-friendly Texas jurisdiction.

JPMorgan Chase has officially launched its blockchain-based deposit token, JPM Coin (JPMD), on Base, the Ethereum layer-2 network developed by Coinbase. The rollout, announced on Nov. 12, marks a significant collaboration between the largest US bank and the largest US crypto exchange.

According to Base’s official post on X, the proof of concept for JP Morgan’s USD deposit token, JPMD, is

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