A Wall Street giant has gone on-chain! JPMorgan announced on 10/19:
Its dollar deposit token, JPM Coin, is now officially live on the Ethereum mainnet.
Previously, it ran only on Coinbase’s Layer 2 network, Base.
Now institutional clients can transfer and settle funds in seconds, 24/7.
Note:
📌 This is an “institutional deposit token,” not a stablecoin for retail speculation.
📌 It’s backed by bank deposits and subject to existing regulatory frameworks.
📌 Wall Street moving settlement onto a public blockchain = RWA moving from concept to infrastructure.
Do you think this is a win for Ethereum? Let’s talk in the comments 👇
#RWA #ETH🔥🔥🔥🔥🔥🔥 #Web3
Its dollar deposit token, JPM Coin, is now officially live on the Ethereum mainnet.
Previously, it ran only on Coinbase’s Layer 2 network, Base.
Now institutional clients can transfer and settle funds in seconds, 24/7.
Note:
📌 This is an “institutional deposit token,” not a stablecoin for retail speculation.
📌 It’s backed by bank deposits and subject to existing regulatory frameworks.
📌 Wall Street moving settlement onto a public blockchain = RWA moving from concept to infrastructure.
Do you think this is a win for Ethereum? Let’s talk in the comments 👇
#RWA #ETH🔥🔥🔥🔥🔥🔥 #Web3
