JPMorgan and Coinbase Launch JPMD Deposit Token Pilot
Introduction JPMorgan Chase, in partnership with Coinbase, has launched a pilot for its JPMD deposit token, a stablecoin-like digital asset designed for institutional use. This initiative aims to streamline high-dollar transactions and enhance liquidity for professional clients. Background The pilot was announced recently and involves issuing JPMDs—tokenized representations of U.S. dollar deposits held at JPMorgan—to…