DeFi· ★★★★· bullish· October 25, 08:24

JPMorgan moves tokenized deposits JPMD to Ethereum mainnet

—JPMD went live on Ethereum mainnet on October 19
—The product previously ran only on Base, a Layer 2 network
—The token represents dollar deposits held at the bank

Why it matters: A top US bank moving tokenized deposits onto Ethereum strengthens the network's role in institutional settlement.

Source: Coinotag

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