JPMorgan begins rollout of deposit token JPM Coin on Coinbase’s Base

Major banks explore blockchain technology with new settlement solutions, signaling a shift toward digital assets in institutional finance.

JPMorgan has begun distributing its JPM Coin deposit token on Base, Coinbase’s layer 2 Ethereum network, enabling institutional clients to access blockchain-based payment and settlement services.

The blockchain-based token, which represents dollar deposits at the world’s largest bank, enables near-instant, 24/7 payments. The launch follows a pilot program with Mastercard, Coinbase, and B2C2, and forms part of JPMorgan’s plan to introduce a euro-denominated version under the trademark JPME pending regulatory approval

Banks, including JPMorgan and DBS, are exploring deposit tokens as a blockchain alternative to stablecoins for cross-bank transactions.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

JPMorgan begins rollout of deposit token JPM Coin on Coinbase’s Base

Major banks explore blockchain technology with new settlement solutions, signaling a shift toward digital assets in institutional finance.

by Vivian Nguyen

Nov. 12, 2025

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Photo: Ikechukwu Julius Ugwu

JPMorgan has begun distributing its JPM Coin deposit token on Base, Coinbase’s layer 2 Ethereum network, enabling institutional clients to access blockchain-based payment and settlement services.

Banks, including JPMorgan and DBS, are exploring deposit tokens as a blockchain alternative to stablecoins for cross-bank transactions.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

JPMorgan begins rollout of deposit token JPM Coin on Coinbase’s Base

JPMorgan begins rollout of deposit token JPM Coin on Coinbase’s Base

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