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JPMorgan Expands JPM Coin to Ethereum for Institutional Clients
Kinexys adds another public network for its USD deposit token, giving bank customers an additional venue for cash transfers alongside tokenized assets.
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J.P. Morgan said on October 19 that Kinexys had made JPM Coin, its USD deposit token with ticker JPMD, available on Ethereum. Access is for the bank’s institutional clients.
The addition follows the token’s November 2025 launch on Base, an Ethereum Layer 2 network. The bank cited Ethereum’s liquidity and tokenized assets as reasons for expanding there.
According to the release, JPM Coin supports peer-to-peer transfers between institutional customers in the EVM ecosystem, including Base and Ethereum. Kinexys presents the rollout as another option for moving wholesale money; potential programmable treasury benefits remain prospective.
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- //Institutional access; Ethereum added alongside Base.
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