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JPMorgan to Issue Deposit Token 'JPMD' on Coinbase's Base Chain

2025/06/18 14:41 (Updated 2025/06/19 07:01)
CoinPost
Written by A.Yamada
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JPMorgan to Issue Deposit Token 'JPMD' on Coinbase's Base Chain

Permissioned Token 'JPMD' for Institutional Investors

JPMorgan Chase plans to issue a deposit token named 'JPMD' on the Ethereum (ETH) L2 chain 'Base', operated by major cryptocurrency exchange Coinbase, as reported by CNBC. Unlike many stablecoins that are publicly available, 'JPMD' is a 'permissioned token', accessible only to JPMorgan's institutional investor clients. Deposit tokens generally represent a digital version of a client's deposit claims against a bank, essentially digitizing the deposits held in accounts. The company announced this blockchain-based service on the 15th...

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Iolite Vol.15

Iolite Vol.15

September 2025 issueReleased on 2025/07/30

Interview Iolite FACE vol.15 Avery Chin, co-founder and CEO of Aptos Labs PHOTO & INTERVIEW Tester Special feature: "How to master workplace relationships! Using MBTI", "Riding the waves of the 'first year of AI agents'!", "Is Bitcoin the savior of companies? The forefront of treasury strategies", "Management strategies learned from villains" Crypto Journey: "The intersection of Web 3.0 and social contribution" Interview with Gracie Chen, CEO of Bitget Series: "Expert perspectives on interpreting the fluctuating cryptocurrency market" Virtual NISHI Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.15

September 2025 issueReleased on 2025/07/30
Interview Iolite FACE vol.15 Avery Chin, co-founder and CEO of Aptos Labs PHOTO & INTERVIEW Tester Special feature: "How to master workplace relationships! Using MBTI", "Riding the waves of the 'first year of AI agents'!", "Is Bitcoin the savior of companies? The forefront of treasury strategies", "Management strategies learned from villains" Crypto Journey: "The intersection of Web 3.0 and social contribution" Interview with Gracie Chen, CEO of Bitget Series: "Expert perspectives on interpreting the fluctuating cryptocurrency market" Virtual NISHI Series: Tech and Future Toshinao Sasaki, etc.