BREAKING: JPMorgan Expands JPM Coin Deposit Token to Ethereum Network

JPMorgan is bringing its USD-denominated deposit token JPM Coin (JPMD) to Ethereum for institutional clients. The bank cited Ethereum's established depth of onchain liquidity and tokenized assets as the reason for choosing the network. JPMorgan Chase manages $5 trillion in assets. The move expands JPMD beyond its original private blockchain to a public network.