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

JPMorgan is expanding JPM Coin to public Ethereum, giving eligible institutional customers a tokenized claim on bank deposits. The token represents bank money, not an independent stablecoin, and participation remains restricted. JPMorgan previously introduced the deposit token on Base; Ethereum adds another venue for around-the-clock settlement inside the bank's permissioning framework.