JPMorgan’s JPM Coin Goes Live: Wall Street’s Blockchain Breakthrough for Instant Settlements
Wall Street's sleeping giant just woke up the crypto space.
JPMorgan flips the switch on institutional-grade blockchain payments with JPM Coin—cutting settlement times from days to seconds. No more waiting for CHIPS or SWIFT confirmations when trillion-dollar balance sheets need to move.
The killer feature? Real-time gross settlement without touching volatile public cryptos. Because nothing says 'trustless' like a bank-issued digital token backed by… well, the bank.
Early adopters include corporates and institutional clients tired of 20th-century plumbing. Though skeptics note the irony of a 'decentralized' solution requiring KYC forms in triplicate.
One thing's clear: When JPMorgan builds rails, money follows. Even if it's technically 'not money' according to their compliance team.
JPMorgan Chase has officially launched JPM Coin (JPMD), a blockchain-based deposit token designed for its institutional clients. According to Bloomberg, which cited Naveen Mallela, co-head of JPMorgan’s blockchain unit Kinexys, the coin represents U.S.
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