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JPMorgan to Expand JPM Coin Deposit Token to Ethereum for Institutions

JPMorgan Chase is launching its dollar deposit token on the Ethereum network to facilitate settlements and payments for approved institutional clients.

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JPMorgan Chase is expanding its JPM Coin deposit token to the Ethereum blockchain, according to a Bloomberg report. The token represents US dollar deposits held at the institution and enables eligible clients to execute continuous, near-instant fund transfers around the clock.

Emma Landriault, global head of Kinexys Labs, stated that crypto companies could use the token for blockchain payments, while financial institutions could deploy it for trade settlements and collateral requirements. Landriault explained that Ethereum was selected because of its liquidity and established adoption among clients, though access will remain restricted to authorized institutional participants.

The move follows JPMorgan's November 2025 release of JPM Coin on Base, Coinbase's Ethereum layer-2 network, as well as previously announced plans to bring the token to the Canton Network.

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