The post JP Morgan Expands Crypto Footprint with JPM Coin Launch on Coinbase’s Base Network appeared on BitcoinEthereumNews.com.

JP Morgan is taking crypto adoption to the next level. The Wall Street giant just rolled out JPM Coin, a blockchain-based deposit token now live on Coinbase’s Base network, marking a new milestone for traditional finance entering onchain rails. JPM Coin Goes Public Unlike stablecoins, JPM Coin isn’t backed by reserves sitting in a smart contract. Instead, it represents actual dollar deposits held at JP Morgan Chase, turning traditional bank money into a tokenized form that moves freely on blockchain rails. The difference is critical. While stablecoins such as USDC are backed by reserve assets and issued by fintechs, deposit tokens like $JPMD are digital claims on real deposits at regulated banks, meaning they can earn interest and are directly tied to the institution’s existing capital framework. This makes JPM Coin one of the first interest-bearing, institution-grade blockchain tokens in circulation. It’s designed specifically for corporate and institutional clients, giving them a new, regulated way to transact in the digital economy. From Pilot to Public Rollout According to multiple sources, the launch comes after a months-long pilot program that included major players like Mastercard, Coinbase, and B2C2 Group. The test phase focused on cross-border payments and wholesale settlement, areas where blockchain’s speed and 24/7 availability can drastically outperform legacy systems like SWIFT. Now, with the public rollout, JP Morgan is effectively bridging traditional finance and crypto-native infrastructure, using Base, Coinbase’s Layer 2 network built on Ethereum, as the transaction layer. With this move, the bank has opened up the possibility for instant payments between institutional entities on a public chain, with all the backing and compliance of one of the largest banks in the world. Real-Time Settlement on the Blockchain The newly launched JPM Coin enables near-instant settlement of payments. Transfers that once took hours—or even days—through traditional clearing systems…

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Filed under: News - @ November 13, 2025 7:24 am