# JPM Coin is coming to Ethereum: JPMorgan's dollar deposit token moves beyond Base

Source: Searchable (https://searchable.pk/news/crypto/jpm-coin-is-coming-to-ethereum-jpmorgans-dollar-deposit-token-moves-beyond-base)
Type: News article
Author: Searchable Editorial
Published: 19 Oct 2026
Updated: 19 Oct 2026
Retrieved: 19 Oct 2026

> The bank's token for dollar deposits, used by institutions, will run on Ethereum's main network as well as Coinbase's Base. No date yet.

**JPMorgan Chase plans to make JPM Coin, its token that represents US dollar deposits at the bank, available on Ethereum, Bloomberg reported on Monday 19 October.** Until now the token, launched almost a year ago, has run on Base, the layer-2 network built by Coinbase. [CoinDesk](https://www.coindesk.com/markets/2026/10/19/jpmorgan-s-jpm-coin-representing-dollar-deposits-is-coming-to-ethereum-bloomberg) and [Cointelegraph](https://cointelegraph.com/news/jpmorgan-jpm-coin-ethereum-institutional-clients) followed up the report.

## What JPM Coin is

JPM Coin is a deposit token: each unit is a claim on a real dollar held at JPMorgan, not a stablecoin issued by a separate company. It is for institutional clients only, such as crypto firms making payments on a blockchain and financial firms settling trades or backing tokenised assets. Ordinary users cannot buy it.

## Why Ethereum

Emma Landriault, who leads JPMorgan's Kinexys Labs, said Ethereum has more liquidity than rival networks and is already used by the bank's institutional clients. About $50 billion in crypto is locked in Ethereum-based applications, according to DeFiLlama. She did not give a launch date.

## The numbers behind it

- Kinexys, JPMorgan's blockchain network, handles more than **$7 billion a day**.
- JPMorgan's payments business moves about **$12 trillion a day**, so blockchain is still a small slice.
- In January the bank said it would also take the token to the Canton Network, and in June it joined Bank of America, Citi, Wells Fargo and others in plans for a shared network for tokenised deposits.

## What it means for readers in Pakistan

Nothing changes for retail users here directly: JPM Coin is not open to individuals anywhere, and it is not a coin you can buy on an exchange. The move does show where cross-border payments are heading, which matters for exporters and the remittance business. Ether's price in dollars, and its rupee value, is on our [ETH price page](/data/eth-usd); bitcoin is on the [BTC page](/data/btc-usd).

## Frequently asked questions

**Can I buy JPM Coin in Pakistan?**

No. JPM Coin is only for JPMorgan's institutional clients and is not sold to individuals.

## Sources

- JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg (CoinDesk): https://www.coindesk.com/markets/2026/10/19/jpmorgan-s-jpm-coin-representing-dollar-deposits-is-coming-to-ethereum-bloomberg
- JPMorgan takes JPM Coin to Ethereum for institutional clients: Report (Cointelegraph): https://cointelegraph.com/news/jpmorgan-jpm-coin-ethereum-institutional-clients

How to cite: "JPM Coin is coming to Ethereum: JPMorgan's dollar deposit token moves beyond Base", Searchable, 19 Oct 2026, https://searchable.pk/news/crypto/jpm-coin-is-coming-to-ethereum-jpmorgans-dollar-deposit-token-moves-beyond-base