News about tokenized deposits

JPMorgan is reportedly expanding its JPM Coin deposit token to Ethereum, allowing eligible institutional clients to make payments and settle tokenized asset transactions, Bloomberg reported on Monday. JPM Coin represents US dollar deposits held at JPMorgan and lets clients transfer funds within seconds, around the clock. Emma Landriault, global head of Kinexys Labs, said crypto companies could use the token for blockchain payments, while financial institutions could use it to settle trades and post collateral. JPMorgan chose Ethereum for its liquidity and existing client use, and although the tokens are issued on public networks, JPM Coin remains restricted to approved institutional participants. The move follows the November 2025 rollout on Base, an Ethereum layer-2 network built by Coinbase, and a plan to bring JPM Coin to the Canton Network announced in January.