JP Morgan Chase announced the launch of its deposit token, JPMD, on Ethereum’s layer-2 network Base, developed in collaboration with Coinbase. The token, designed as ‘commercial bank money,’ will first be available to select institutional clients before potentially expanding to other users. This move dispels earlier speculation that JPMD might be a stablecoin, highlighting JP Morgan’s continued push into blockchain-based financial solutions. The pilot program will run for several months, with regulatory approvals pending for wider adoption. JP Morgan’s blockchain unit, Kinexys, already processes over $2 billion daily, underscoring the bank’s commitment to crypto innovation.
about JP Morgan to Pilot Deposit Token JPMD on Ethereum's BaseJP Morgan
0 in Finance and 0 in Crypto last weekJP Morgan to Launch JPMD Token on Base Blockchain
JP Morgan is launching a pilot for its blockchain-based token, JPMD, which will represent dollar deposits and be deployed on Base. The token will initially be transferred from JP Morgan’s digital wallet to Coinbase, enabling institutional clients to use it for transactions. The pilot will run for several months before potential expansion to other users and currencies, pending regulatory approval. This move marks a significant step by a major traditional bank into the crypto space, leveraging blockchain for deposit tokens.
about JP Morgan to Launch JPMD Token on Base BlockchainJP Morgan Exec Warns of Overcrowded Stablecoin Market
JP Morgan executive Emma Lovett warned at the DigiAssets 2025 conference that the stablecoin market risks becoming overcrowded and fragmented as firms issue their own tokens. This comes shortly after JP Morgan filed a trademark for ‘JPMD,’ signaling potential entry into the digital currency space. Major U.S. banks, including JP Morgan, Bank of America, Citigroup, and Wells Fargo, are reportedly considering stablecoin collaborations, but plans hinge on the GENIUS Act—a bipartisan bill aiming to regulate stablecoins. The bill, set for a Senate vote, could shape the future of U.S. digital asset dominance. Meanwhile, industry leaders caution that without coordination, the market could face excessive fragmentation.
about JP Morgan Exec Warns of Overcrowded Stablecoin MarketJP Morgan Files Trademark for Blockchain Offering JPMD
JP Morgan Chase has submitted a trademark application for JPMD, a blockchain-based offering focused on digital asset trading and payment services. While the filing does not use the term ‘stablecoin,’ industry experts speculate it could be a dollar-pegged token, aligning with trends like Circle’s USD Coin. The move coincides with the impending Genius Act, which may boost stablecoin adoption in the U.S., as other firms like BitGo and World Liberty also enter the space. JP Morgan’s blockchain unit, Onyx (now Kinexys), has processed over $2 billion daily, highlighting the bank’s ongoing commitment to digital asset innovation.
about JP Morgan Files Trademark for Blockchain Offering JPMDIOTA & XDC Lead $20T Digital Trade Transformation
The global trade and trade finance market, valued at $20 trillion, is being transformed by blockchain networks IOTA and XDC. XDC Network, with its hybrid blockchain tailored for enterprise use, addresses the $5 trillion trade finance gap through partnerships with major banks and institutions like ITFA and ICC. It offers near-zero gas fees, EVM compatibility, and ISO 20022 compliance. Meanwhile, IOTA powers the Trade Logistics Information Pipeline (TLIP), a World Economic Forum initiative, with its feeless, scalable DAG architecture, enabling paperless trade and digital transactions in regions handling $32 trillion in volume. Both networks are modernizing global trade infrastructure, offering solutions for tokenization, automation, and secure data flow.
about IOTA & XDC Lead $20T Digital Trade TransformationInvesco Hires J.P. Morgan Blockchain Vet to Lead $1.6B Crypto Push
Invesco has named Kathleen Wrynn, formerly of J.P. Morgan’s blockchain division, as its global head of digital assets, signaling a major push into crypto and tokenized funds. Wrynn will oversee Invesco’s $1.6 billion crypto ETF portfolio and initiatives like fund tokenization. The hire reflects broader institutional adoption, with 60% of Fortune 500 companies exploring blockchain and 70% of North American crypto transactions exceeding $1 million. The move aligns with increasing corporate Bitcoin treasuries and federal pro-crypto policies under the Trump administration.
about Invesco Hires J.P. Morgan Blockchain Vet to Lead $1.6B Crypto PushNibiru Launches Block Party Rewards for DeFi Users
Nibiru has launched Block Party, a seasonal rewards program designed to boost user engagement in its DeFi ecosystem. Participants can earn Aura tokens through activities like trading, liquidity provision, lending, and completing on-chain or off-chain missions. The program includes partnerships with platforms like Oku, LayerBank, and Galxe, offering scalable rewards—up to 3.5x for long-term stablecoin liquidity. Nibiru EVM, developed with input from Google and JP Morgan veterans, enhances scalability via parallel execution. Aura resets monthly, with rewards distributed based on user activity. The initiative aims to make Web3 more accessible while addressing Ethereum’s limitations.
about Nibiru Launches Block Party Rewards for DeFi UsersTim Draper Predicts Bitcoin at $250K by 2025
Silicon Valley investor Tim Draper has doubled down on his 2018 prediction that Bitcoin will reach $250,000, now targeting the end of 2025. Despite missing his initial 2022 forecast due to market downturns, Draper remains confident, pointing to political moves like Trump-backed Bitcoin ETFs and regulatory progress such as the GENIUS Act. He also highlights institutional adoption by firms like JP Morgan and technological advancements like Layer 2 solutions as key drivers. Draper even speculates that Bitcoin could render the US dollar obsolete in a decade, emphasizing its growing role as a store of value akin to gold.
about Tim Draper Predicts Bitcoin at $250K by 2025JP Morgan to Accept Crypto ETF Shares as Loan Collateral
JP Morgan is set to permit its high-net-worth clients to use shares in crypto ETFs, including BlackRock’s iShares Bitcoin Trust, as collateral for loans, according to unnamed sources. The bank will also factor crypto holdings into clients’ net worth assessments, treating them similarly to real estate and vehicles. This move marks a notable shift for JP Morgan, whose CEO Jamie Dimon has historically been skeptical of Bitcoin but recently allowed customer trading of Bitcoin and Ethereum. The development highlights growing institutional acceptance of cryptocurrencies in traditional finance.
about JP Morgan to Accept Crypto ETF Shares as Loan CollateralJP Morgan to Offer Bitcoin Trading Amid CEO’s Shift
JP Morgan Chase, one of the largest U.S. banks, announced it will enable Bitcoin trading for customers, signaling a notable shift in traditional finance’s approach to crypto. CEO Jamie Dimon, who once dismissed Bitcoin as a ‘fraud,’ now supports client access despite personal reservations. The bank will not custody Bitcoin but will integrate it into client portfolio reporting. This decision follows broader Wall Street trends, with competitors like Morgan Stanley and Goldman Sachs also expanding crypto services. Regulatory changes, such as the rescission of SEC’s SAB 121, have removed barriers for banks entering the crypto market. Institutional interest in Bitcoin remains strong, with firms like Strategy and Metaplanet increasing their holdings. Bitcoin’s price recently surpassed $105,000, reflecting sustained market momentum.
about JP Morgan to Offer Bitcoin Trading Amid CEO's ShiftJP Morgan to Allow Bitcoin Purchases Despite Dimon’s Criticism
JP Morgan CEO Jamie Dimon, who has repeatedly criticized Bitcoin as ‘worthless’ and a ‘fraud,’ revealed during the bank’s investor day that clients will soon be able to buy Bitcoin—though the bank will not custody it. This pivot reflects broader institutional acceptance of crypto despite Dimon’s personal skepticism. Other major banks, like Morgan Stanley, are also exploring crypto offerings, while U.S. regulators under the Trump administration have eased restrictions, including rescinding SAB 121, which previously barred banks from custodying digital assets. Dimon has praised blockchain technology, even as he remains critical of Bitcoin itself.
about JP Morgan to Allow Bitcoin Purchases Despite Dimon's CriticismJP Morgan: Bitcoin Outshines Gold with More Upside Potential
JP Morgan analysts highlight Bitcoin’s superior upside potential compared to gold, citing crypto-specific catalysts like corporate treasury allocations and regulatory advancements. The report notes Bitcoin’s rally to $104,000, just 5% below its all-time high, fueled by ETF inflows outpacing gold. Recent acquisitions by Coinbase, Kraken, and Gemini underscore a maturing derivatives market, which could boost institutional participation. While gold may benefit from geopolitical tensions, Bitcoin’s risk-on behavior and regulatory progress position it favorably for continued growth in 2024.
about JP Morgan: Bitcoin Outshines Gold with More Upside Potential