JPMorgan Launches JPM Coin Deposit Token on Coinbase’s Base as DBS Tie-Up Targets 24/7 Cross‑Bank On‑Chain Payments
Published: November 12, 2025 JPMorgan Chase has begun rolling out a new deposit token—JPM Coin (also referred to as JPMD)—to institutional clients, marking one of the most consequential moves yet by a global bank to bring real‑world money onto public blockchains. The token initially operates on Base, Coinbase’s public Ethereum layer‑2 network, and is designed to enable near‑instant, always‑on settlement for corporate payments and treasury flows. CoinDesk+1 What JPM Coin (JPMD) is—and isn’t Unlike a stablecoin issued by a fintech, a deposit token represents a direct claim on money already held in a customer’s bank account. In practice, that means