The post JPMorgan Steps Into Tokenized Banking With New Digital Asset appeared on BitcoinEthereumNews.com. BlockchainFintech In a move that underscores Wall Street’s growing fascination with blockchain, JPMorgan has introduced a new digital asset designed to reshape institutional payments. The product, known as JPM Coin, is a blockchain-based deposit token that transforms traditional dollar deposits into programmable, onchain instruments. The project signals a major shift for one of the world’s largest banks, which for years maintained a cautious stance toward crypto-related innovation. This time, JPMorgan isn’t just observing from the sidelines — it’s building the rails itself. A 24/7 Settlement Network for Institutions Unlike conventional interbank systems that close after hours, JPM Coin enables around-the-clock fund transfers that finalize in seconds. Transactions move between corporate clients on a permissioned layer connected to Base, the blockchain developed by Coinbase, marking one of the first high-profile uses of a public chain by a global bank. Behind the project is Kinexys, JPMorgan’s rebranded blockchain division, co-led by Naveen Mallela. He said the token’s debut follows extensive pilot testing with industry heavyweights such as Mastercard, Coinbase, and B2C2, noting that the network’s early users represent “the next stage of institutional settlement.” From Trademarks to Tokenization Hints of JPMorgan’s broader digital asset ambitions appeared months ago when the firm registered the JPMD trademark in the United States, covering crypto-related payment and trading services. Observers now expect the bank to roll out a second variant, JPME, tied to the euro. While many companies have raced to launch stablecoins, JPMorgan has taken a more conservative approach. Its deposit token model keeps the backing inside the regulated banking system, where funds remain as on-balance-sheet deposits rather than external collateral. Mallela described this structure as a “safer, yield-capable alternative” to stablecoins, one that could appeal to corporations seeking compliance and reliability over speculative returns. Traditional Finance Finds Its Blockchain Moment The announcement puts JPMorgan… The post JPMorgan Steps Into Tokenized Banking With New Digital Asset appeared on BitcoinEthereumNews.com. BlockchainFintech In a move that underscores Wall Street’s growing fascination with blockchain, JPMorgan has introduced a new digital asset designed to reshape institutional payments. The product, known as JPM Coin, is a blockchain-based deposit token that transforms traditional dollar deposits into programmable, onchain instruments. The project signals a major shift for one of the world’s largest banks, which for years maintained a cautious stance toward crypto-related innovation. This time, JPMorgan isn’t just observing from the sidelines — it’s building the rails itself. A 24/7 Settlement Network for Institutions Unlike conventional interbank systems that close after hours, JPM Coin enables around-the-clock fund transfers that finalize in seconds. Transactions move between corporate clients on a permissioned layer connected to Base, the blockchain developed by Coinbase, marking one of the first high-profile uses of a public chain by a global bank. Behind the project is Kinexys, JPMorgan’s rebranded blockchain division, co-led by Naveen Mallela. He said the token’s debut follows extensive pilot testing with industry heavyweights such as Mastercard, Coinbase, and B2C2, noting that the network’s early users represent “the next stage of institutional settlement.” From Trademarks to Tokenization Hints of JPMorgan’s broader digital asset ambitions appeared months ago when the firm registered the JPMD trademark in the United States, covering crypto-related payment and trading services. Observers now expect the bank to roll out a second variant, JPME, tied to the euro. While many companies have raced to launch stablecoins, JPMorgan has taken a more conservative approach. Its deposit token model keeps the backing inside the regulated banking system, where funds remain as on-balance-sheet deposits rather than external collateral. Mallela described this structure as a “safer, yield-capable alternative” to stablecoins, one that could appeal to corporations seeking compliance and reliability over speculative returns. Traditional Finance Finds Its Blockchain Moment The announcement puts JPMorgan…