This is an all-new blockchain token by JPMorgan, representing traditional deposits in a digital format available only to institutional clients. JPMD provides 24/7 settlement and can earn interest, bridging traditional banking and on‑chain operations. JPMD will be deployed on Coinbase's Base blockchain, a public network built on Ethereum, but access is restricted—only JPMorgan’s institutional customers can use it. JPMorgan highlights three key advantages: Faster, always-on settlement with interest-bearing capabilities— Seamless integration with existing banking infrastructure, Controlled access, reducing regulatory and compliance complexity compared to public stablecoins. The bank positions JPMD as a strategic tool for on‑chain asset settlements and cross-border B2B payments, targeting institutional users seeking digital efficiency with traditional banking reliability. Although JPMD shares features with stablecoins—like tokenized value—it differs by remaining permissioned and institutional, unlike popular stablecoins such as USDT and USDC. Early interest is reportedly strong, with significant institutional players eager for secure, on‑chain cash solutions from a major global bank. JPMorgan filed a trademark for "JPMD" that outlines various crypto services like trading, transfer, and payments. In summary, JPMD marks a significant step in JPMorgan's integration of traditional banking into the blockchain world—offering regulated, efficient, and interest‑bearing digital deposits to its institutional client base. JPMD will be deployed on Coinbase's Base blockchain, a public network built on Ethereum, but access is restricted—only JPMorgan’s institutional customers can use it. JPMorgan highlights three key advantages: Faster, always-on settlement with interest-bearing capabilities— Seamless integration with existing banking infrastructure, Controlled access, reducing regulatory and compliance complexity compared to public stablecoins. The bank positions JPMD as a strategic tool for on‑chain asset settlements and cross-border B2B payments, targeting institutional users seeking digital efficiency with traditional banking reliability. Although JPMD shares features with stablecoins—like tokenized value—it differs by remaining permissioned and institutional, unlike popular stablecoins such as USDT and USDC. Early interest is reportedly strong, with significant institutional players eager for secure, on‑chain cash solutions from a major global bank. JPMorgan filed a trademark for "JPMD" that outlines various crypto services like trading, transfer, and payments. In summary, JPMD marks a significant step in JPMorgan's integration of traditional banking into the blockchain world—offering regulated, efficient, and interest‑bearing digital deposits to its institutional client base. JPMorgan highlights three key advantages: Faster, always-on settlement with interest-bearing capabilities— Seamless integration with existing banking infrastructure, Controlled access, reducing regulatory and compliance complexity compared to public stablecoins. The bank positions JPMD as a strategic tool for on‑chain asset settlements and cross-border B2B payments, targeting institutional users seeking digital efficiency with traditional banking reliability. Although JPMD shares features with stablecoins—like tokenized value—it differs by remaining permissioned and institutional, unlike popular stablecoins such as USDT and USDC. Early interest is reportedly strong, with significant institutional players eager for secure, on‑chain cash solutions from a major global bank. JPMorgan filed a trademark for "JPMD" that outlines various crypto services like trading, transfer, and payments. In summary, JPMD marks a significant step in JPMorgan's integration of traditional banking into the blockchain world—offering regulated, efficient, and interest‑bearing digital deposits to its institutional client base. Faster, always-on settlement with interest-bearing capabilities— Seamless integration with existing banking infrastructure, Controlled access, reducing regulatory and compliance complexity compared to public stablecoins. The bank positions JPMD as a strategic tool for on‑chain asset settlements and cross-border B2B payments, targeting institutional users seeking digital efficiency with traditional banking reliability. Although JPMD shares features with stablecoins—like tokenized value—it differs by remaining permissioned and institutional, unlike popular stablecoins such as USDT and USDC. Early interest is reportedly strong, with significant institutional players eager for secure, on‑chain cash solutions from a major global bank. JPMorgan filed a trademark for "JPMD" that outlines various crypto services like trading, transfer, and payments. In summary, JPMD marks a significant step in JPMorgan's integration of traditional banking into the blockchain world—offering regulated, efficient, and interest‑bearing digital deposits to its institutional client base. Although JPMD shares features with stablecoins—like tokenized value—it differs by remaining permissioned and institutional, unlike popular stablecoins such as USDT and USDC. Early interest is reportedly strong, with significant institutional players eager for secure, on‑chain cash solutions from a major global bank. JPMorgan filed a trademark for "JPMD" that outlines various crypto services like trading, transfer, and payments. In summary, JPMD marks a significant step in JPMorgan's integration of traditional banking into the blockchain world—offering regulated, efficient, and interest‑bearing digital deposits to its institutional client base. Early interest is reportedly strong, with significant institutional players eager for secure, on‑chain cash solutions from a major global bank. JPMorgan filed a trademark for "JPMD" that outlines various crypto services like trading, transfer, and payments. In summary, JPMD marks a significant step in JPMorgan's integration of traditional banking into the blockchain world—offering regulated, efficient, and interest‑bearing digital deposits to its institutional client base. In summary, JPMD marks a significant step in JPMorgan's integration of traditional banking into the blockchain world—offering regulated, efficient, and interest‑bearing digital deposits to its institutional client base.