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Bank & market adoptionT2Bank / FMIUS

JPM Coin deposit token goes live on Ethereum

Published Quote last verified

  • Tokenized deposits

Executive summaryFact

Kinexys by J.P. Morgan extended JPM Coin, its USD-denominated deposit token, to Ethereum, its second public blockchain. The bank pointed to demand from institutions active in crypto and real-world-asset transactions for on-chain cash from established financial institutions.

Primary source: J.P. Morgan ↗

Key factsFact

Event
Product launch
Jurisdiction
US
Source
J.P. Morgan
Source tier
Tier 2 · Bank / FMI
Product
Tokenized deposits

Adoption statusFact

  • LiveJ.P. Morgan (Kinexys)— JPM Coin extended to Ethereum, its second public blockchain

See the bank adoption tracker

From the sourceFact

“Ethereum's established depth of onchain liquidity and tokenized assets makes it a natural next public blockchain for JPM Coin.”

Verbatim from J.P. Morgan✓ string-matched against the live page 2026-10-22

Why it matters for banksAnalysis

Bank deposit tokens are expanding across multiple public chains, which raises interoperability and multi-chain risk-management questions for other banks planning similar products.

Editorial analysis, not advice.

AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

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