JPM Coin Expands to Ethereum for Approved Institutional Clients
- —JPMD is a deposit token, not an open stablecoin: minting and redemption are limited to approved clients
- —The bank cited Ethereum's liquidity and existing tokenised-asset activity as reasons for the move
- —J.P. Morgan had previously deployed JPM Coin on Base
- —Access remains permissioned despite the public blockchain
Why it matters: A major bank is linking deposit liabilities to onchain infrastructure, but access stays permissioned — a signal for the tokenisation market.
Source: NewsBTC