JPMorgan Chase has officially expanded its JPM Coin dollar-denominated deposit token to the Ethereum mainnet through its blockchain division, Kinexys, enabling peer-to-peer transfers among institutional clients within the EVM ecosystem. Regarding the choice of Ethereum, the official statement is: “Ethereum's established depth of onchain liquidity and tokenized assets makes it a natural next public blockchain for JPM Coin.” The core rationale lies in its combined advantages in liquidity, tokenized asset ecosystems, institutional adoption, technical compatibility, and security—enabling seamless integration with the bank’s existing product offerings.
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