DeFi· ★★★· neutral·

JPMorgan's JPMD deposit token stays permissioned on public blockchain, expert says

  • —JPMD requires whitelisting and existing JPMorgan Chase client status
  • —The token runs on Ethereum for settlement but is not freely usable on Aave or Uniswap
  • —Campbell called it the smallest possible move into public blockchains
  • —He links the launch to demand for paying for tokenized stock trades
Why it matters: Major banks are entering public networks while keeping access permissioned, setting a template for institutional tokenization.
Source: TokenPost
More on this
Security · yesterday
13 Fake JPMD Tokens Emerge on Ethereum as JPMorgan Launches Its Own
 DeFi · Sep 30
Ripple President: Tokenization Is Headed for Public Blockchains, XRP Ledger Adds Privacy Features
 DeFi · Oct 19
JPMorgan expands deposit token JPM Coin to Ethereum for institutional clients