JPMorgan has launched its JPM Coin deposit token on Ethereum, making it available to the bank’s institutional clients.

The token was first introduced in November 2025 on Base, a blockchain affiliated with Coinbase. It allows clients to send and receive funds within seconds and around the clock.

Target users and use cases

According to Emma Landriault, Global Head of Kinexys Labs at Kinexys, JPMorgan’s blockchain division, the bank expects two main groups of users. The first is large clients in the cryptocurrency sector that want to make blockchain payments. The second is financial institutions that need a form of digital cash to settle or collateralise transactions involving tokenised assets.

Landriault said the bank chose Ethereum…