JPMorgan is reportedly expanding its JPM Coin deposit token to Ethereum, allowing institutional clients to make payments and settle tokenized asset transactions.
Originally published by cointelegraph.com →
ITC take
A bank deposit token reportedly moving onto a public blockchain matters more than it may seem. JPM Coin stays a JPMorgan product for institutional clients, but settling tokenized assets on Ethereum puts it on the same open rails that crypto-native firms use. That is a step toward banks and on-chain markets sharing infrastructure, a race in which Solana also competes for tokenized assets and payments. For context, $ETH traded at $2,397 at 17:42 UTC, up 1.1% in 24 hours, according to LiveCoinWatch . More in our Ethereum News section.
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