JPM Coin Launches on Ethereum as Wall Street Adoption Grows

JPMorgan Chase is extending its JPM Coin deposit token to the Ethereum network, a move that will enable blockchain-based dollar payments on the world’s second-largest cryptocurrency platform. This expansion signals a growing embrace of public blockchain infrastructure by traditional financial institutions.

JPMorgan Expands to Ethereum Mainnet

The largest U.S. bank announced Monday that JPM Coin, which represents U.S. dollar deposits held at JPMorgan, will soon be accessible on the Ethereum mainnet. This development allows for the transfer of tokenized dollar deposits across the public blockchain.