JPMorgan’s JPMD represents tokenized bank deposits, backed by fractional reserves and issued under strict regulatory oversight. The JPMD pilot is running on Base, a public Ethereum layer-2 solution.

JPMorgan Chase CEO Jamie Dimon said during the company's earnings call Tuesday that the bank plans to get more involved with stablecoins.

JPMorgan Chase & Co. will launch a pilot for a token called JPMD that represents dollar deposits at the world’s biggest bank, as financial institutions deepen their push into the digital-asset ...

The bank plans to issue JPMD on Base, a public Ethereum -based blockchain managed by Coinbase. It will be exclusively available to JPMorgan’s institutional clients, which include corporations ...

JPMD has had "preliminary interest from large institutional players who want more native onchain cash solutions from pre-eminent and reputed financial institutions," Mallela added.

In an email to American Banker, the bank said it plans to issue a permissioned USD deposit token, JPMD, for payments on Base, a blockchain that is built within Coinbase. JPMD will launch "in the ...

JPMorgan Chase is taking a step further into the cryptocurrency space with its own stablecoin-like token, called JPMD. The U.S. banking giant told CNBC on Tuesday that it's planning to launch a so ...