JPM Coin Enables 24/7 Instant Payments for Institutional Clients
JPMorgan has launched JPM Coin, a digital token designed to facilitate instant, around-the-clock payments for institutional clients. Operating on the Base blockchain, the token settles transactions in seconds—bypassing the delays inherent in traditional bank transfers, which can take days.
The token is fully collateralized by U.S. dollar deposits held at JPMorgan, ensuring stability and security. This move underscores the growing institutional adoption of blockchain technology, as traditional finance increasingly integrates crypto infrastructure for efficiency gains.