JPMorgan brings JPM Coin to Ethereum for institutional payments

JPMorgan Chase has expanded its JPM Coin deposit token to the Ethereum mainnet, giving approved institutional clients another public blockchain for around-the-clock dollar transfers, securities settlement and collateral payments. Summary JPMorgan has announced Ethereum support for JPM Coin, allowing approved institutions to transfer tokenized dollar deposits directly. The bank chose Ethereum for its established liquidity, tokenized asset activity and existing institutional client demand. JPM Coin represents commercial bank deposits and remains restricted to approved customers despite operating on public blockchains. The Ethereum launch follows JPM Coin’s November 2025 debut on Base, where institutions tested round-the-clock settlement. JPMorgan has separately proposed bringing JPMD to Canton, with technical integration planned in phases during 2026. According to an October 19 Bloomberg report, the bank is making JPM Coin available on Ethereum after launching the deposit token on Coinbase’s Base network in November 2025. The latest expansion gives eligible clients access to a network already used by financial institutions and cryptocurrency businesses for tokenized assets. JPM Coin,...