{"id":14694,"date":"2026-10-20T10:33:49","date_gmt":"2026-10-20T10:33:49","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14694"},"modified":"2026-10-20T10:33:49","modified_gmt":"2026-10-20T10:33:49","slug":"jpmorgan-brings-jpm-coin-to-ethereum-in-major-institutional-blockchain-expansion","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14694","title":{"rendered":"JPMorgan Brings JPM Coin to Ethereum in Major Institutional Blockchain Expansion"},"content":{"rendered":"

<\/p>\n

\n
\n
\n
    \n
  • Kinexys by J.P. Morgan said on 19 October that JPM Coin (JPMD) is now live on the Ethereum mainnet for the bank\u2019s institutional clients.<\/span><\/li>\n
  • The token launched on Base in November 2025 after B2C2, Coinbase and Mastercard tested issuance and redemption in a proof-of-concept.<\/span><\/li>\n
  • Kinexys says its platform has processed more than US$4 trillion (AU$5.72 trillion) since inception and averages US$7 billion (AU$10.01 billion) a day across all its services.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    JPMorgan has put its JPM Coin deposit token on the Ethereum mainnet, giving the bank\u2019s institutional clients a second public blockchain on which to move US dollar deposits.<\/p>\n

    Kinexys by J.P. Morgan, the bank\u2019s blockchain unit inside J.P. Morgan Payments, announced the expansion on Monday. Its token carries the ticker JPMD and has run on Base since November 2025. Base is the Ethereum Layer 2 network built within Coinbase.<\/p>\n

    JPM Coin is a deposit token. Each unit is a digital representation of a US dollar deposit held at the bank, in JPMorgan\u2019s description at launch. The bank\u2019s approved institutional clients can send those units peer-to-peer between wallets in the Ethereum Virtual Machine ecosystem, now on both chains.<\/p>\n

    Read more: AI Agents Have Made 138 Million Crypto Payments, Chainalysis Finds<\/strong><\/p>\n

    Ethereum Chosen for Liquidity<\/h2>\n

    Kinexys said Ethereum\u2019s depth of onchain liquidity and tokenised assets made it the natural next public blockchain for the token. Large institutions active in crypto and tokenised real-world assets want onchain cash from established banks that works with the deposit products they already use, the unit said.<\/p>\n

    J.P. Morgan Asset Management put a tokenised money-market fund on Ethereum in May, and JPM Coin now sits beside it on the network. The bank\u2019s first JPM Coin launch on Base followed a proof-of-concept that began in June 2025. B2C2, Coinbase and Mastercard completed near-instant issuance and redemption of JPMD on Base in that test.<\/p>\n

    Kinexys Labs global head Emma Landriault said tokenised financial infrastructure is already restructuring liquidity, settlement and digital-asset workflows.<\/p>\n

    \n
    \n

    Issuing JPM Coin first on Base and now on Ethereum is a meaningful step towards providing our institutional clients with multi-chain optionality for moving wholesale money across both the web3 and traditional finance ecosystems.<\/p>\n<\/div>\n

    \n <\/div>\n<\/div>\n

    Kinexys Volumes Across All Services<\/h2>\n

    Kinexys says its platform has processed more than US$4 trillion (AU$5.72 trillion) in cumulative transactions since inception, with an average daily volume of US$7 billion (AU$10.01 billion).\u00a0<\/p>\n

    Those figures come from the unit\u2019s internal data and cover every Kinexys service, which the bank says it has operated since 2015. JPMorgan published the same two numbers in August alongside a Harvard Business School case study on the unit. Neither publication breaks out JPMD volumes on Base or Ethereum.<\/p>\n

    Before the public-chain launches, Kinexys offered blockchain deposit accounts on the bank\u2019s own permissioned ledger. JPMorgan said the deposit token can support programmable treasury functions from clients\u2019 wallet interfaces and is designed to integrate with smart contracts on public networks.<\/p>\n

    At the Base launch, Kinexys global co-head Naveen Mallela said the token pairs bank-backed deposits and settlement with round-the-clock, near real-time blockchain transactions.<\/p>\n

    Ethereum Institutional co-founder Matthew Dawson said: \u201cIt\u2019s a clear signal that institutional finance is moving onto public, verifiable infrastructure.\u201d<\/p>\n

    Read more: US Inflation Spooks Markets, Sends BTC Below $82K Amid Rate Hike Fears<\/strong><\/p>\n<\/p><\/div>\n

    Blockchain,Ethereum,JPMorgan#JPMorgan #Brings #JPM #Coin #Ethereum #Major #Institutional #Blockchain #Expansion1792492429<\/p>\n","protected":false},"excerpt":{"rendered":"

    Kinexys by J.P. Morgan said on 19 October that JPM Coin (JPMD) is now live on the Ethereum mainnet for the bank\u2019s institutional clients. The token launched on Base in November 2025 after B2C2, Coinbase and Mastercard tested issuance and redemption in a proof-of-concept. Kinexys says its platform has processed more than US$4 trillion (AU$5.72<\/p>\n","protected":false},"author":1,"featured_media":14695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1056,1034,100,31,3101,236,7482,962,46],"class_list":["post-14694","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-blockchain","tag-brings","tag-coin","tag-ethereum","tag-expansion","tag-institutional","tag-jpm","tag-jpmorgan","tag-major"],"yoast_head":"\nJPMorgan Brings JPM Coin to Ethereum in Major Institutional Blockchain Expansion - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14694\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JPMorgan Brings JPM Coin to Ethereum in Major Institutional Blockchain Expansion\" \/>\n<meta property=\"og:description\" content=\"Kinexys by J.P. Morgan said on 19 October that JPM Coin (JPMD) is now live on the Ethereum mainnet for the bank\u2019s institutional clients. The token launched on Base in November 2025 after B2C2, Coinbase and Mastercard tested issuance and redemption in a proof-of-concept. Kinexys says its platform has processed more than US$4 trillion (AU$5.72\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=14694\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-20T10:33:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.cryptonews.com.au\/2026\/10\/20171646\/Kinexys-Labs-global-head-Emma-Landriault.jpg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14694\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=14694\",\"name\":\"JPMorgan Brings JPM Coin to Ethereum in Major Institutional Blockchain Expansion - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14694#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14694#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/jpmorgan-ethereum.jpeg\",\"datePublished\":\"2026-10-20T10:33:49+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14694#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=14694\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14694#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/jpmorgan-ethereum.jpeg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/jpmorgan-ethereum.jpeg\",\"width\":1920,\"height\":1280},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14694#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JPMorgan Brings JPM Coin to Ethereum in Major Institutional Blockchain Expansion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JPMorgan Brings JPM Coin to Ethereum in Major Institutional Blockchain Expansion - Crypto News: Latest Cryptocurrency News and Analysis","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=14694","og_locale":"en_US","og_type":"article","og_title":"JPMorgan Brings JPM Coin to Ethereum in Major Institutional Blockchain Expansion","og_description":"Kinexys by J.P. Morgan said on 19 October that JPM Coin (JPMD) is now live on the Ethereum mainnet for the bank\u2019s institutional clients. The token launched on Base in November 2025 after B2C2, Coinbase and Mastercard tested issuance and redemption in a proof-of-concept. Kinexys says its platform has processed more than US$4 trillion (AU$5.72","og_url":"https:\/\/cryptonews.uk.com\/?p=14694","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-10-20T10:33:49+00:00","og_image":[{"url":"https:\/\/cdn.cryptonews.com.au\/2026\/10\/20171646\/Kinexys-Labs-global-head-Emma-Landriault.jpg","type":"","width":"","height":""}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=14694","url":"https:\/\/cryptonews.uk.com\/?p=14694","name":"JPMorgan Brings JPM Coin to Ethereum in Major Institutional Blockchain Expansion - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=14694#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=14694#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/jpmorgan-ethereum.jpeg","datePublished":"2026-10-20T10:33:49+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=14694#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=14694"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=14694#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/jpmorgan-ethereum.jpeg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/jpmorgan-ethereum.jpeg","width":1920,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=14694#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"JPMorgan Brings JPM Coin to Ethereum in Major Institutional Blockchain Expansion"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/14694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14694"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/14694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/14695"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}