JPMorgan Launches JPM Coin Deposit Token on Coinbase’s Base as DBS Tie-Up Targets 24/7 Cross‑Bank On‑Chain Payments
JPMorgan Chase has launched JPM Coin, a deposit token for institutional clients, on Base, Coinbase’s Ethereum layer-2 network. The token enables near-instant, 24/7 settlement of corporate payments backed 1:1 by bank deposits. DBS and JPMorgan’s Kinexys also announced work on cross-bank tokenized deposit transfers across public and permissioned blockchains. JPMorgan plans to expand JPM Coin to more blockchains and currencies, pending regulatory approval.