According to Bloomberg, JPMorgan Chase has started rolling out a deposit token called JPM Coin to institutional clients, the latest move by Financial Institution Group to continue expanding its digital asset business.
The token represents US dollar deposits at the world's largest bank and allows users to send and receive funds through the Coinbase-linked public blockchain base. Naveen Mallela, global co-head of JPMorgan's blockchain division Kinexys, said in an interview that this allows payments to be completed in seconds and processed 24/7, rather than the traditional limitations of days and working hours.
JPMorgan Chase Launches Deposit Token JPM Coin for Institutional Users
2025-11-12 04:53:52
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