JPMorgan Chase has launched a deposit token, JPM Coin, for institutional clients

According to Foresight News, according to Bloomberg, JPMorgan Chase has begun to launch a deposit token called JPM Coin to institutional clients, as financial institutions continue to expand their digital asset territory. Naveen Mallela, global co-head of Kinexys, the bank’s blockchain department, said that JPM Coin represents JPMorgan Chase’s U.S. dollar deposits. Users can send and receive funds through Base, a public chain associated with Coinbase, to achieve round-the-clock, second-level payment, changing the limitations of processing that previously took several days and was only processed during working hours.
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