JPM · News · 20261019N

Tokenized Payment Infrastructure

JPMORGAN CHASE & CO · 2026-10-19 · Importance 31 · Surprise 42

JPMorgan is making its JPM Coin deposit token available to institutional clients on the Ethereum mainnet. The permissioned token represents U.S. dollar deposits on a 1:1 basis and enables approved counterparties to transfer and settle funds 24/7. The expansion follows JPM Coin’s November 2025 launch on Coinbase-linked Base and supports peer-to-peer transfers across Ethereum Virtual Machine-compatible networks. Access remains restricted to institutional clients through JPMorgan’s Kinexys platform, positioning the product for wholesale payments and tokenized-asset settlement rather than retail stablecoin use.

Key facts

• As of October 19, 2026, JPMorgan has made the JPM Coin available to institutional clients on the Ethereum mainnet. source
• JPM Coin is a permissioned USD deposit token functioning as a 1:1 representation of dollar deposits held at JPMorgan, with access limited to approved institutional counterparties through the bank's Kinexys platform (formerly Onyx). source
• JPM Coin was first launched on the Coinbase-affiliated blockchain Base in November 2025. source