JPMorgan launched its JPMD deposit token on Ethereum mainnet on October 19, giving institutional clients another public blockchain route for peer-to-peer dollar deposit transfers. The service remains restricted to the bank’s institutional clients and is not available to retail users despite using a public network. JPM Coin, which uses the ticker JPMD, digitally represents a bank deposit and adds to its previous availability on Base. The token joins JPMorgan’s tokenized money market funds, MONY and JLTXX, already available on Ethereum, bringing payment and investment products onto the same blockchain.
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