The post JPMorgan to Pilot Blockchain-Based JPMD Token on Coinbase’s Base Network appeared on BitcoinEthereumNews.com.

Altcoins JPMorgan Chase is preparing to launch a blockchain-based asset known as JPMD, a permissioned deposit token aimed at institutional clients. The pilot will roll out on Base, the Ethereum Layer 2 network incubated by Coinbase, according to multiple reports. A spokesperson confirmed to The Block that JPMorgan plans to initiate the first JPMD transaction from a Chase wallet in the coming days. While the bank describes JPMD as an alternative to stablecoins, it has yet to specify how the token materially differs from conventional stablecoin structures. According to Base’s post on X, JPMorgan selected its network to capitalize on sub-second, low-cost transactions, which enable real-time liquidity and near-instant settlement. “Moving money should take seconds, not days,” Base wrote. “Commercial banking is coming onchain.” The JPMD token will digitally represent commercial bank deposits and be issued in a permissioned framework, limiting its use to approved institutional clients. Bloomberg reports the pilot will initially be limited in scope but could expand to other currency denominations beyond the U.S. dollar—pending regulatory approval. This initiative reflects JPMorgan’s continued experimentation with blockchain infrastructure, including its JPM Coin system. JPMD marks a broader step toward integrating traditional finance with public blockchain networks while maintaining institutional-grade control and compliance. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
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Filed under: News - @ June 17, 2025 8:27 pm