JPMorgan’s blockchain platform, Kinexys, has made its bank deposit token JPM Coin available on the Ethereum mainnet for institutional clients. Kinexys head Oli Harris announced the expansion on LinkedIn. The token represents a commercial bank deposit held in JPMorgan accounts; the funds backing it remain within the bank’s regulated infrastructure.
The expansion follows JPM Coin’s launch on Base, an Ethereum layer-2 blockchain, late last year.
