Kinexys JPMD deposit token
The USD deposit token JPMD went live for institutional clients on Base in November 2025, with more chains planned.
What it is
Kinexys, the firm's blockchain payments unit, issues JPMD, a dollar deposit token that represents bank deposits on a public blockchain. Access is limited to permissioned institutional clients.
Why it matters to the stock. It is the bank's main test of tokenized deposits as an alternative to stablecoins. Adoption would move institutional settlement volume onto the bank's own balance sheet rather than third-party issuers.
News
Project