JPMorgan’s JPM Coin Lands on Ethereum With Support for Transfers Across Two Networks

JPMorgan is expanding its onchain payment ambitions with JPM Coin on Ethereum. JPMorgan has expanded its JPM Coin deposit token to Ethereum to give institutional clients another way to move money onchain. The latest move takes it beyond Base, where the dollar-denominated token first launched in November 2025. JPM Coin, also known as JPMD, represents deposits held at JPMorgan on a public blockchain. JPM Coin Is Not a Stablecoin The token allows institutional clients to make on-chain payments with greater speed and efficiency. It now supports peer-to-peer transfers across the Ethereum Virtual Machine ecosystem, including Ethereum and Base. The expansion is part of the bank’s wider effort to bring traditional financial instruments onto blockchain networks. Commenting on the development, Emma Landriault, global head of Kinexys Labs at JPMorgan, said, “We’ve clearly been in a year of further convergence between Wall Street and crypto. It’s not just Wall Street going to public chains, but the institutional web3 players getting more embedded and partnering with traditional financial institutions.” The banking giant has been building its presence on Ethereum beyond JPMD. JPMorgan launched ...