JPMorgan Launches JPM Coin on Public Blockchain
- JPMorgan debuts JPM Coin on public blockchain for streamlined transactions.
- Enhances transaction speed, enabling quicker settlements.
- Facilitates liquidity unlocking for institutional clients.
JPMorgan Chase has launched JPM Coin on Coinbase’s Base Layer 2, marking its first public blockchain deployment. Designed for institutional clients, this move offers 24/7 real-time settlement of bank-backed deposits, enhancing liquidity and transaction efficiency.
JPMorgan Chase has launched the JPM Coin , a tokenized representation of cash backed by United States bank accounts, on Coinbase’s Base Layer 2 blockchain. The move enables real-time settlement of cash-backed deposits, differentiating it from prior uses on private blockchains.
The initiative is led by Naveen Mallela, Global Co-head of Kinexys by J.P. Morgan, and sees involvement from institutional partners such as Mastercard, Coinbase, and B2C2. JPMorgan’s CEO, Jamie Dimon, previously Bitcoin-skeptic, now embraces blockchain integration.
Naveen Mallela, Global Co-head, Kinexys by J.P. Morgan, “JPM Coin delivers the security of bank-backed deposits and settlement, combined with the speed and innovation of 24/7, near real-time blockchain transactions, increasing efficiency and unlocking liquidity.”
JPM Coin’s public launch significantly enhances liquidity and efficiency in institutional financial transactions. Ethereum’s Base Layer 2 may benefit from increased activity, although specific total value locked (TVL) figures were not reported.
Financial markets see immediate benefits as JPM Coin promotes continuous, faster global settlements. Regulatory environments appear supportive, with recent advancements indicating growing government acceptance of blockchain in traditional finance.
While JPM Coin impacts institutional transaction dynamics, key financial indicators such as U.S. dollar deposits remain stable. The integration highlights a broader trend of financial institutions adopting blockchain for more efficient operations. Increased demand for Ethereum infrastructure underscores the growing synergy between traditional finance and digital assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: ETF Outflows Push Bitcoin to Lowest Point in Seven Months Amid Market Turmoil
- Bitcoin fell below $83,400, its lowest in seven months, as U.S. spot ETFs saw $3.79B in November outflows, led by BlackRock’s $2.47B loss. - Record $903M single-day ETF redemptions accelerated crypto and equity market selloffs, with Nvidia and crypto stocks dropping sharply. - Ethereum ETFs lost $1.79B, while altcoin funds like Bitwise’s XRP gained $105M, reflecting shifting investor preferences amid liquidity concerns. - Analysts attribute the selloff to macroeconomic uncertainty and delayed Fed rate cu
Dogecoin News Today: Grayscale DOGE ETF Debut May Trigger a Wave of Institutional Interest This November
- Grayscale's DOGE ETF launches Nov 24, aiming to boost institutional adoption of the meme coin amid SEC approval. - BlockDAG's $436M+ presale outpaces ADA/BCH, leveraging hybrid PoW-DAG tech and 3.5M miners to attract 312K holders. - Ethereum faces $2,850 support pressure after FG Nexus sells 11,000 ETH, triggering $170M in 24-hour liquidations. - DOGE hovers near $0.15 support with mixed technical signals, while ETF optimism contrasts with ongoing distribution trends.
ZK Atlas Enhancement: Leading the Way in Blockchain Expansion and Enterprise Integration
- ZKsync's 2025 Atlas Upgrade resolves blockchain scalability trilemma via modular architecture, achieving 15,000–43,000 TPS with 1–500ms finality. - Institutions like Deutsche Bank adopt ZKsync for cross-chain settlements, while TVL in ZK ecosystems hits $3.5B and ZK token price rises 50%. - Compliance features and EVM compatibility address institutional needs, with $15B in Bitcoin ETF inflows accelerating adoption of tokenized assets and RWAs. - Analysts project 60.7% CAGR for ZK Layer-2 solutions throug
ZK Technologies' Price Soars: The Intersection of Major Scalability Advances and Growing Institutional Interest
- ZK Technologies surged to $0.085–$0.090 in late 2025, driven by ZK rollup innovations and institutional adoption. - ZK rollups achieved 15,000 TPS by October 2025, with Ethereum's EVM optimization reducing proof costs 50-fold. - Deutsche Bank , Sony , and Citibank adopted ZK-rollups for confidential settlements and cost-efficient transactions. - Deflationary token model and fee buybacks increased scarcity, driving demand and value accrual. - ZK-based solutions now address scalability and privacy, becomin
Trending news
MoreCrypto prices
More
