JPMorgan Files Trademark Application for New Crypto Platform JPMD

JPMorgan Chase has filed a trademark application for a new crypto platform named JPMD, indicating an increased focus on digital assets.

JPMD will offer trading, exchange, transfer, and payment services for digital assets.
The platform will also facilitate the issuance of digital assets.
This move aligns with trends among traditional financial institutions exploring stablecoin issuance and crypto investment products.
CEO Jamie Dimon announced plans to allow clients to buy bitcoin.
The bank added BTC ETFs as loan collateral for customers.
JPMorgan is reportedly in discussions about launching a stablecoin.
The private blockchain payments network Kynexis processes over $2 billion daily.