JPMorgan Extends JPM Coin Usage to Ethereum Mainnet

JPMorgan Chase, recognized as the world’s largest bank by market capitalization, is broadening the scope of its JPM Coin deposit token by expanding its presence onto the Ethereum blockchain.

In a statement provided to Cointelegraph, JPMorgan explained that JPM Coin represents US dollar deposits held by the bank and enables authorized clients to transfer funds instantaneously at any time, day or night. A bank spokesperson confirmed to Cointelegraph that the token has been technically deployed on Ethereum’s mainnet.

Emma Landriault, global head of Kinexys Labs, highlighted that crypto businesses can utilize JPM Coin for making payments on the blockchain, whereas financial institutions may employ it for settling transactions and as collateral.

Landriault added that JPMorgan’s decision to use Ethereum was driven by its liquidity and widespread adoption among the bank’s clientele. Despite being issued on public blockchains, JPM Coin access remains limited strictly to approved institutional participants.

This recent expansion follows JPMorgan’s November 2025 deployment of JPM Coin on Base, an Ethereum layer-2 network developed by crypto exchange Coinbase. At that time, JPMorgan announced intentions to support additional public blockchains. Furthermore, in January, the bank declared plans to launch JPM Coin on the Canton Network.

JPMorgan’s extension of JPM Coin to Ethereum enhances the token’s accessibility and leverages Ethereum’s liquidity, strengthening institutional blockchain operations.