JPMorgan Expands JPM Coin to Public Blockchain in Digital Asset Push

JPMorgan is deepening its commitment to digital assets by launching its JPM Coin deposit token for use on a public blockchain.

The token, a digital representation of dollar deposits, will now facilitate institutional transfers for clients on Coinbase’s Base network, marking a significant step in merging traditional finance with public blockchain infrastructure.

The bank’s blockchain lead, Naveen Mallela, highlighted that the technology enables round-the-clock payments that settle in seconds.

This expansion signals JPMorgan’s intent to make digital assets a central pillar of its institutional offerings, with plans to connect the token to even more blockchains in the future. The product’s rollout comes after a successful pilot with a consortium of heavyweight firms, including Mastercard and crypto exchange Coinbase, which is poised to accept JPM Coin as collateral.