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

2025/06/18 14:41 (Updated 2025/06/18 18:00)
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 Coinbase's Ethereum (ETH) L2 chain 'Base', as reported by CNBC. This will be a 'permissioned token', unlike many stablecoins which are publicly available, and will be 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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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.