JPMorgan expands JPM Coin deposit token to the Ethereum network
JPMorgan Brings Its Deposit Token to the Ethereum Blockchain
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JPMorgan is expanding its deposit token JPM Coin to the Ethereum network for the bank’s institutional clients. The token can be used for blockchain payments by crypto industry clients and by financial institutions to settle in digital cash or collateralize tokenized assets. Kinexys said its blockchain infrastructure has processed more than $3 trillion since its launch, with average daily transaction volume exceeding $5 billion.
The article distinguishes the economic attributes of deposit tokens, tokenized assets, and stablecoins, while also showing how public-chain access can extend the links between institutional settlement and the crypto ecosystem.
Source:PYMNTS · pymnts.com