JPMorgan has launched its blockchain-based deposit token, JPM Coin, on Coinbase’s Base network to enable instant 24/7 settlements for institutional clients. The initiative expands the bank’s on-chain settlement capabilities beyond its private network and brings regulated, tokenized deposits into a public blockchain environment.
The move allows corporate clients to transfer and settle funds in real time without relying on traditional payment rails, improving liquidity management and cross-border efficiency. JPMorgan said the launch marks a step toward integrating blockchain infrastructure with existing banking systems under full compliance with U.S. regulations.
The expansion reflects a growing trend among global financial institutions adopting tokenized deposits to streamline payments and reduce counterparty risk. It also positions JPMorgan as an early leader in the emerging on-chain settlement ecosystem for institutional finance.
