Coinbase’s Base Blockchain Hosts JPMorgan’s Revolutionary JPM Coin for Institutional Clients

JPMorgan Chase & Co. has taken a monumental step in the blockchain and digital asset space with the launch of its new digital deposit token, JPM Coin. Designed for institutional clients, this token represents U.S. dollar deposits held at the bank and facilitates near-instantaneous transfers via public blockchains, effectively eliminating traditional delays. Currently operational on Coinbase's Base blockchain, JPM Coin is poised for expansion to additional platforms, signaling JPMorgan's strong commitment to leveraging blockchain technology for financial innovation. This development not only underscores the growing institutional adoption of digital assets but also highlights Coinbase's pivotal role in supporting high-profile blockchain initiatives. As of November 2025, JPM Coin stands as a testament to the transformative potential of blockchain in traditional finance, offering a glimpse into the future of seamless, decentralized transactions.

JPMorgan Launches Blockchain-Based Deposit Token 'JPM Coin' for Institutional Clients

JPMorgan Chase & Co. has introduced a new digital deposit token, JPM Coin, marking a significant advancement in its blockchain and digital asset strategy. The token represents U.S. dollar deposits held at the bank and enables near-instantaneous transfers via public blockchains, bypassing traditional delays.

The service currently operates on Coinbase's Base blockchain, with plans for expansion to additional currencies and networks pending regulatory approval. Early trials involved partnerships with Mastercard, Coinbase, and B2C2.

Unlike stablecoins issued by private entities, JPM Coin is backed directly by bank-held deposits. This structure allows institutional holders to earn interest—a key differentiator from most stablecoin offerings.

ZCash (ZEC) Sees Network Growth Amid Price Volatility

ZCash's shielded pool has expanded to 23% of total supply, up from 18% in October, signaling increased adoption of its privacy features. The token surged from $400 on November 1 to a seven-year high of $744 before retreating 30%, yet technical indicators show no bearish divergences.

Trading volume spiked to $345 million in 24 hours on Coinbase, surpassing Ethereum. The price rally reflects actual network usage rather than speculative trading, with users actively shielding transactions to obscure details on the blockchain.

The Future of Banking? JPMorgan Brings Regulated Deposits Onchain

JPMorgan Chase has launched a pilot for its JPM Coin deposit token (JPMD), marking a significant step toward integrating traditional finance with public blockchain infrastructure. The token, operating on Coinbase’s Base network, represents digitized commercial bank deposits backed by JPMorgan’s balance sheet, offering institutional-grade trust and near-instant 24/7 settlements.

Unlike stablecoins like USDC or USDT, JPMD is a regulated, interest-bearing alternative designed to fit seamlessly into existing compliance frameworks. The pilot, currently available to institutional trading clients, aims to streamline real-time settlements, collateral management, and liquidity transfers across financial markets.

This MOVE underscores the growing institutional adoption of blockchain technology, with JPMorgan leveraging Base’s low-cost, high-speed execution to modernize payment rails traditionally constrained by banking hours and intermediaries.

JPMorgan Launches JPM Coin on Coinbase’s Base Blockchain

JPMorgan Chase has officially introduced JPM Coin (JPMD), a digital deposit token designed for institutional clients, operating on Coinbase’s Base blockchain. The token facilitates instant, 24/7 fund transfers, settling transactions in seconds—a stark contrast to traditional banking systems that take days.

Unlike conventional stablecoins, JPM Coin represents tokenized dollar deposits and can be interest-bearing, functioning as a digital claim on existing bank funds. The launch follows successful trials with Mastercard, Coinbase, and B2C2, with plans to expand to additional blockchains and currencies pending regulatory approval.

JPMorgan joins a growing list of major banks, including Citigroup, Deutsche Bank, Santander, and BNY Mellon, in embracing blockchain-based payment solutions. Naveen Mallela, global co-head of JPMorgan’s blockchain division Kinexys, confirmed the rollout, signaling further institutional adoption of digital assets.