JPMorgan Takes JPM Coin To Ethereum As Banks Test Public-Chain Settlement

JPMorgan is expanding JPM Coin onto the public Ethereum network, allowing institutional users to settle transactions and send funds around the clock. Unlike independent stablecoins, JPM Coin represents tokenized claims on dollars deposited with JPMorgan. This expansion enables transfers across two networks, integrating a Wall Street payments product with infrastructure typically used by crypto-native finance. Participation remains restricted to eligible customers, focusing on the specific entities authorized to move money and the infrastructure utilized.