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Crypto · October 19, 2026

JPMorgan's JPM Coin Arrives on Ethereum, Putting Bank Dollars on a Public Blockchain

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JPMorgan is expanding its JPM Coin, a tokenized deposit system backed by U.S. dollars, to the public Ethereum blockchain. Previously restricted to private networks, the move is designed to allow institutional clients to settle transactions and make payments around the clock.

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Reported by multiple outlets

  • JPMorgan is bringing its JPM Coin to the Ethereum blockchain.
  • The token is backed by dollar deposits held at the bank.
  • The expansion is specifically targeted at institutional clients.
  • JPM Coin allows for near-instant settlement 24/7.

Reported by only some outlets

  • The expansion will allow institutional clients to settle tokenized asset transactions as well as payments.
  • The move is intended to offer the service to a wider selection of institutional clients than currently served.

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