JPMorgan Launches Blockchain Deposit Token JPM Coin on Base Network

JPMorgan Chase has launched its blockchain-based deposit token, JPM Coin (JPMD), on Base, an Ethereum layer-2 network developed by Coinbase. This collaboration between JPMorgan and Coinbase aims to enhance institutional payment systems.

JPMD allows for 24/7, near-instant payments using blockchain, bypassing traditional clearing systems.
The launch follows a pilot program with Mastercard, Coinbase, and B2C2 to improve settlement efficiency.
JPMorgan's blockchain unit, Onyx, designed the system for cross-border payments and liquidity transfers.
A euro-denominated version (JPME) is in development, pending EU regulatory approval.

Coinbase announced plans to move its legal incorporation from Delaware to Texas, citing a favorable regulatory environment.

Separately, Best Wallet's presale is nearing $17 million, offering secure storage, staking rewards, and multi-chain access. The current price is $0.26 per token, with limited time before the next price tier unlocks.