Web3 expansion from JPMorgan: JPMD is coming

JPMorgan Chase, the world’s largest bank, introduced JPMD, a blockchain -based deposit token, which will only be valid for corporate customers. This new digital asset will work on the Layer-2 network developed by Coinbase.

The first process will be tested through the Chase wallet in the coming days. The pilot program is expected to last several months.

🔐 Not Stablecoin, not “Permissioned Deposit Token”

The most important feature of JPMD:

Permissioned has a structure.

Will be defined to corporate accounts.

It is positioned as digital representation of commercial bank deposits.

In a statement made by BASE:

“We provide instant payment to corporate customers with almost instant payment with sub-level fees and sub-second transaction times. Money transfer should continue not days but seconds.”

🌐 Usage Areas: B2B Transfer, Real Time Liquidity

Naveen Mallla, the global co -chairman of JPMorgan’s Blokzincir department Kinexys, stated that JPMD can be used in the following areas in an interview with CNBC:

Onchain digital asset agreement

Cross -border B2B payments

Corporate liquidity optimization

According to Artemis’s latest research, the fastest growing category in terms of stablecoins is B2B.

🧾 JPMorgan’s web3 is accelerating

On June 15, JPMorgan applied to the US Patent and Brand Office for JPMD.

This is the first token application that the bank initiated on a public blockchain.

JPMorgan thus entered the same league with the digital dollar solutions of large companies such as Apple, Google, Meta.

📊 Base network and defi ecosystem

Base TVL (Total Locked Value): $ 3.7 billion

Number of Protocols: 536+

The Beginning of the Network: August 2023 (Mainnet Launch) (Data Source: Defi Laming)

The Base network has become an ideal infrastructure for corporate fintech experiments due to low trading costs and high speed.

📌 Conclusion: Banking Blocking is moved with JPMD

JPMorgan’s JPMD Token move is not just a technological test; A big step towards the redefinition of commercial banking in the web3 -age age. Unlike Stablecoins, this structure, which is directly based on bank deposits, can open a new page, especially for institutions looking for a regulation -compatible solution.