This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
JP Morgan Chase & Co is set to pilot its own blockchain-based token, JPMD, representing dollar deposits. The token will be deployed on Base and used for transactions by Coinbase’s institutional clients. Regulatory approval is pending for broader rollout.
- JP Morgan's JPMD token will represent dollar deposits and be deployed on the Base blockchain.
- Initial pilot involves transferring JPMD to Coinbase for use by institutional clients in transactions.
- Expansion to other users and currencies is planned, subject to regulatory approval.
📎 Related coverage from: cryptopotato.com
Related Tags: Coinbase Global Inc.
Other Tags: Base, Blockchain, JP Morgan