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💸 JPMorgan Just Minted Money on the Blockchain

💸 JPMorgan Just Minted Money on the Blockchain

PLUS: TradFi goes on-chain, Solana treasuries hit record highs, Paradigm bets big on HYPE, and global markets stall as Washington drags its feet.

Cryptopolitan News
November 12, 2025 • Estimated Reading Time: 7 minutes

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JPMorgan rolls out its own token for 24-hour institutional payments

JPMorgan Chase & Co. officially started the rollout of a new deposit-token product, dubbed JPM Coin (JPMD), to its institutional clients, one of the largest banks’ clearest steps into blockchain-based finance.

Developed on the Base blockchain (created by Coinbase), the token represents U.S. dollar deposits that JPMorgan maintains at its partner bank and is facilitated through a partnership with Move money in real-time, even outside of business hours.

Unlike regular stablecoins whose backing consists of reserves, deposit assets such as deposits and securities, or a hybrid system that uses reserves in combination with collateral to back the tokens (what other Stablecoin’s do), JPM Coin is a pure deposit token standing as an actual claim on funds held at the bank.

Faster, real-world settlements

Bank transfers the old-fashioned way can take days and will only clear during business hours. With JPM Coin, transactions settle in just seconds, 24/7.

The bank tried the system out with Mastercard, Coinbase and B2C2 to gauge how it would perform in real-world testing and integration. The pilot also helped flush out bugs and get the network ready to expand to other currencies — starting with a version denominated in Euros (JPME).

The project goes through Kinexys Digital Payments, JPMorgan’s in-house network that already processes more than $3 billion of volume a day in dollars, euros and pounds.

Deposit Tokens vs. Stablecoins

Deposit tokens are distinct from stablecoins in two main ways:

Guaranteed by existing bank deposits, fully regulated and 1:1 redeemable.
Interest-earning, balances can earn slight returns on holdings, something that stablecoins don’t provide.

JPM Coin can even serve as collateral on Coinbase, allowing for faster institutional trading and lending. Other banks, among them BNY Mellon and HSBC, are also working on products of the same sort might indicate a broader turn to regulated digital cash instruments.

Why it matters

The timing coincides with a new wave of regulatory clarity emanating from laws like the GENIUS Act in the U.S. that set legal standards for digital money.

Deposit tokens could be a standard institutional rail sooner rather than later, merging blockchain effectivity with banking safety (and storage, for when the music of an uptrending market ends and you are left without a chair).

24/7 availability
Low fees
Regulatory compliance
Yield on idle cash

Backed not just by the scale, but also the credibility of JPMorgan’s reputation and client base, JPM Coin becomes a link between TradFi and DeFi. And it makes clear that blockchain settlement can function seamlessly.

Poll: Which comes first — mass adoption of bank-issued deposit tokens or stablecoins as payment rails?

📊 Market Watch

💰 Solana treasury Upexi reports record quarter

Upexi reported a Q1 FY25 record $9.2 M revenue (+109% YoY), including $6.1 M of digital-asset income from Solana staking.

Net profit soared to $66.7 M on the back of $78 M in unrealized SOL gains. The Nasdaq-traded company completed a $200 M private placement and a $500 M equity line, suggesting stronger dedication to its Solana treasury maneuver.

🌍 Markets mixed as shutdown drags

Global equities traded sideways while investors waited for Washington to confirm the end of the U.S. government shutdown.

Dow +550 pts, new record; Nasdaq flat, tech rotation persists.
Gold $4,104 / oz (-0.5%), cooling after 55% YTD surge.
Oil WTI $60.7, Brent $64.8, both easing on profit-taking.
Traders remain risk-off until fiscal clarity returns from Capitol Hill.