JPMorgan Expands Crypto Services with New Trademark
- JPMorgan Chase filed a trademark application for “JPMD” in the US, indicating potential growth in crypto services.
- The application includes services like digital asset trading, exchange, transfer, clearing, and payment processing.
- A May report suggested JPMorgan and other major banks are considering launching a joint stablecoin.
- JPMorgan’s Kinexy platform has processed over $1.5 trillion in blockchain-based interbank payments using JPM Coin.
- The US Senate advanced the GENIUS Act for stablecoins with a vote of 68-30 last week.
The filing of the “JPMD” trademark by JPMorgan Chase suggests an expansion of its blockchain and crypto services portfolio, potentially including a new stablecoin offering. This move comes as the US Senate progresses on legislation to regulate stablecoins, highlighting the increasing significance of these digital assets in financial transactions.
