JPMorgan extended its USD-denominated JPM Coin deposit token to Ethereum, The Block reported Oct. 19. The token now supports peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Base.
The Defiant reported the same expansion, noting the token remains restricted to approved counterparties and calling the effect permissioned bank money arriving on another public blockchain.
Reported by the Tokenization desk from The Block and The Defiant — Institutional. Published . Corrections