Major Banking Move: JP Morgan Deploys Tokenized Settlement on Ethereum
JP Morgan has launched JPM Coin on Ethereum's Base layer, bringing institutional-grade tokenized deposits to the blockchain. The move enables 24/7 instant settlement for financial institutions without traditional banking hour constraints.
This represents a significant step in institutional adoption of blockchain infrastructure. By leveraging Base's Layer 2 efficiency, JP Morgan provides institutions with round-the-clock settlement capabilities using tokenized bank deposits as the underlying asset.
The initiative underscores how major traditional finance players are increasingly integrating blockchain technology into core financial operations. For institutions seeking faster settlement mechanisms and continuous market access, this development opens new operational possibilities.
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PessimisticLayer
· 12-17 22:45
JPM is doing this on Ethereum, to put it simply, it's still traditional finance trying to reap the benefits of crypto.
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OnChainArchaeologist
· 12-16 13:37
Big whales finally can't hold back anymore. The JPM Coin going on-chain has long been overdue.
Traditional financial giants are rolling up their sleeves, leaving retail investors out of the loop. The 24/7 settlement system is indeed very appealing to them.
But honestly, this feels more like they finished the meat broth and still find it not flavorful enough...
Institution-level strategies are in a completely different world from us retail small investors.
Layer 2 efficiency is real, but who pays the fees...
JPMorgan's move is essentially announcing: we are no longer afraid of blockchain.
This is true adoption, much more reliable than those air coins' "adoption."
Wait, can this really run smoothly 24/7 on Base? Or is it just another marketing gimmick?
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MemeKingNFT
· 12-15 22:03
JPMorgan's move truly brings traditional finance onto the chain. By the way, isn't this exactly the "institutional entry narrative" I've been advocating for... 24/7 on-chain settlement—that's the real disruption.
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WalletDetective
· 12-15 14:55
JPMorgan is really getting serious now, with 24/7 settlement—this move is fierce.
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MEVHunterLucky
· 12-15 14:52
JPMorgan finally went on the chain, this is the true aroma moment of Wall Street.
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CryptoMom
· 12-15 14:51
JPMorgan finally entered the scene, but this JPM Coin is essentially centralized. Can it truly replace anything...
Major Banking Move: JP Morgan Deploys Tokenized Settlement on Ethereum
JP Morgan has launched JPM Coin on Ethereum's Base layer, bringing institutional-grade tokenized deposits to the blockchain. The move enables 24/7 instant settlement for financial institutions without traditional banking hour constraints.
This represents a significant step in institutional adoption of blockchain infrastructure. By leveraging Base's Layer 2 efficiency, JP Morgan provides institutions with round-the-clock settlement capabilities using tokenized bank deposits as the underlying asset.
The initiative underscores how major traditional finance players are increasingly integrating blockchain technology into core financial operations. For institutions seeking faster settlement mechanisms and continuous market access, this development opens new operational possibilities.