What is JPM Coin?
JPM Coin (ticker: JPMD) is a deposit token launched by J.P. Morgan. As a blockchain-based deposit product, it is a digital representation of a bank deposit that operates on public or private blockchain networks, designed for institutional use cases.
Institutional clients can treat JPM Coin in the same way they would treat a traditional bank deposit on their balance sheet; it can be interest bearing and is subject to the same protections as traditional bank deposits. This means they can be more scalable and better integrated into existing institutional financial systems and treasury management, as there is no distinction (subject to a client’s auditors) between a deposit token and a bank deposit on their balance sheet.
