JPMorgan is expanding support for its JPM Coin deposit token for institutional clients on Ethereum

The reason for the expansion was the established depth of liquidity and tokenized assets on the largest blockchain. JPMD was previously launched in November 2025 on the Base network (Ethereum L2). This token represents existing JPMorgan bank deposits on a public blockchain. JPMD enables institutional clients to make on-chain payments faster and cheaper compared with traditional methods.

JPMorgan’s blockchain project, Kinexys, has processed $4 trillion in transactions. Its average daily transaction volume is $7 billion.