JPMorgan announced that it will make JPM Coin available to institutional clients on Ethereum. The token represents U.S. dollar deposits held at the bank and is intended to let participating clients make payments around the clock, with settlement in seconds. Access will remain restricted to eligible institutional participants despite its use of a public blockchain.
JPM Coin launched on Coinbase’s Base network in November 2025. JPMorgan said its separate private blockchain network processes more than $7 billion in transactions daily; that figure does not describe JPM Coin activity on Ethereum.
