JPMorgan Launches Deposit Token JPMD on Base Blockchain

JPMorgan has clarified that its recently filed token, JPMD, is not a stablecoin but a deposit token on the Base blockchain. This allows institutions to make deposits continuously, integrating banking systems with blockchain technology.

Key Points on JPMorgan's Deposit Tokens

JPMD acts as a digital form of commercial bank money, representing existing deposit claims.
It enables blockchain-native programmability, offering smart contracts and automated processing.
Provides efficient payments through real-time transfers, eliminating delays in settlement.
Seamless integration with current banking regulations and infrastructure.

JPMorgan filed a trademark for JPMD on June 15, 2025. The token aims to facilitate around-the-clock crypto access for clients, potentially enhancing the relationship between finance and crypto. JPMorgan's market cap is approximately $738 billion.

Recent trends show that institutional adoption of crypto is increasing, with signs of retail adoption emerging soon.