JPMorgan Introduces Tokenized Deposits on Coinbase's Base Blockchain

2025-12-18 17:25

JPMorgan has launched its tokenized deposits, known as JPM Coin (JPMD), on Coinbase's Base blockchain. This strategic move transitions the bank's token activities from a private to a public blockchain, catering to the growing demand for blockchain-based payment solutions. The tokenized deposits serve as digital claims on bank funds and have the potential to accrue interest. According to JPMorgan's Basak Toprak, the new product provides investors with a bank-backed option for onchain collateral and payments. This initiative is designed to attract both institutional and retail investors, further integrating traditional banking with the expanding cryptocurrency market.

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