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JPMorgan Takes JPM Coin To Ethereum As Banks Test Public-Chain Settlement

Source: NewsBTC ·
Wall Street in New York's Financial District with flags hanging from buildings
File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

JPMorgan is taking its bank-issued deposit token onto public Ethereum, an expansion that puts an established Wall Street payments product on infrastructure traditionally associated with crypto-native finance. TL;DR: JPMorgan is expanding access to JPM Coin on Ethereum for institutional users. The token represents bank deposits rather than an independently issued stablecoin, and participation remai

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