Deposit token
JPM Coin (JPMD) is a US dollar deposit token issued by J.P. Morgan on Base, the Ethereum layer 2 built within Coinbase, for the bank's institutional clients. After a pilot from June 2025 it moved into production on 12 November 2025, allowing transfers between clients' wallets at any hour. J.P. Morgan has not published a volume figure for JPM Coin on Base.
In the record
11
Months since it was first seen
31
Institutions of its kind in the record
Other bank deployments
- BW-Bank (LBBW)Spot ETH trading for retail clientsSeptember 2026
- Standard CharteredDeliverable ETH spot trading for institutional clients in the UAE (Standard Chartered DIFC)September 2026
- Banque Delubac & CieETH staking for bank clientsJuly 2026
- Morgan StanleySpot ETH trading for retail clients on E*TRADEJuly 2026
