JPMorgan is extending its JPM Coin U.S. dollar deposit token to the Ethereum mainnet for institutional clients, according to ChainCatcher. The token was previously launched on Base in 2025 and represents actual bank deposits rather than a public stablecoin product. It is designed for 24/7, near-instant peer-to-peer transfers and settlement. Access remains limited: JPM Coin is available only through Kinexys to JPMorgan’s institutional clients, is not open for public trading, and is not available to retail users. The report also states that JPM Coin is a permissioned, regulation-compliant form of bank money, not a decentralized stablecoin.
JPMorgan is expanding its JPM Coin U.S. dollar deposit token to the Ethereum mainnet for institutional clients, according to ChainCatcher.
The token was previously launched on Base in 2025. It represents actual bank deposits and can be used for 24/7, near-instant peer-to-peer transfers and settlement.
At present, JPM Coin is available only through Kinexys to JPMorgan institutional clients. It is not open for public trading and is not available to retail customers. The report describes JPM Coin as permissioned, regulation-compliant bank money rather than a decentralized stablecoin.
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