JPMorgan Expands JPM Coin to Ethereum Blockchain for Institutional Transfers
JPMorgan Chase, recognized as the largest bank worldwide by market capitalization, is extending the reach of its JPM Coin deposit token onto the Ethereum blockchain, according to a Bloomberg report released Monday.
JPM Coin functions as a representation of US dollar deposits held at JPMorgan, enabling authorized clients to make fund transfers instantly and at any time of day.
Emma Landriault, global head of Kinexys Labs, highlighted that crypto-focused firms could utilize JPM Coin for blockchain payments, while traditional financial institutions might employ it for trade settlements and as collateral.
Landriault further explained that JPMorgan selected Ethereum due to its high liquidity and widespread usage among clients. Despite issuance on public blockchains, access to JPM Coin remains limited exclusively to approved institutional participants.
This move comes after the initial launch of JPM Coin on Base, an Ethereum layer-2 network developed by Coinbase, in November 2025. JPMorgan had previously indicated intentions to support multiple public blockchains for the token, and in January disclosed plans to integrate it with the Canton Network.
Cointelegraph reached out to JPMorgan for more information but did not receive an immediate reply.
JPMorgan’s initiative to expand JPM Coin across prominent blockchain networks marks a significant development for institutional use of blockchain tokens, potentially enhancing the efficiency and speed of cross-institutional transactions.
Why it matters
The expansion of JPM Coin onto Ethereum and other blockchains underscores JPMorgan’s commitment to blockchain innovation, aiming to streamline institutional payments and improve transaction liquidity.
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