JPM Coin has zero Ethereum supply after launch, Sentora says

JPMorgan’s JPM Coin has recorded zero supply and zero transfers on Ethereum in a contract review by Sentora, days after the bank announced the deposit token’s arrival on the network. Summary Sentora reported zero JPM Coin supply and transfers on Ethereum, with one allowlisted address. JPM Coin’s Base supply remained near $1 million across two addresses, according to Sentora. JLTXX recorded $400 million in Ethereum redemptions as its Solana deployment reached $450 million. Sentora found no live on-chain integration connecting JPM Coin with JPMorgan’s funds or DeFi protocols. Sentora said its review found exactly one allowlisted address in the verified Ethereum contract, while the token’s Base deployment held roughly $1 million across two addresses, unchanged since November 2025. The research firm’s findings cover the deposit token and separate movements in J.P. Morgan Asset Management’s tokenized liquidity fund. Its briefing reported $400 million in JLTXX redemptions on Ethereum across Oct. 21–22, alongside a rise in the fund’s Solana deployment from near zero to $450 million. Sentora attributed those figures to its contract-level analysis. The timing does not establish that the sam...