JPMorgan Chase expands JPM Coin to the Ethereum network: open to institutional clients

JPMorgan Chase is expanding its JPM Coin dollar deposit token to the Ethereum mainnet, offering it to institutional clients. The token was previously launched in 2025 on Base, representing actual bank deposits and can be used for near-instantaneous peer-to-peer transfers and settlements around the clock.

Currently, it is only available to JPMorgan Chase's institutional clients through Kinexys, not supported for public trading, and not open to retail clients. JPM Coin is a permissioned and regulatory-compliant bank currency, not a decentralized stablecoin.