JPMorgan expands blockchain push with new JPM Coin launch
JPMorgan Chase has begun rolling out its blockchain-based deposit token, JPM Coin (JPMD), to institutional clients, marking a major step in traditional finance embrace of digital assets. The token enables transactions via Coinbase Base blockchain and will later expand to clients customers and other currencies once regulators approve, according to Kinexys blockchain co-head Naveen Mallela.