Argentine lenders are reportedly testing JPMorgan’s JPM Coin to improve settlement speed and efficiency, even as the central bank maintains restrictions on crypto services. Argentine banks are reportedly testing JPMorgan’s deposit token infrastructure for back-end settlement workflows, even as the country’s central bank still bars lenders from offering most crypto-related services to clients, according to local outlet iProUP. A group of financial institutions has begun piloting JPM Coin, a deposit token designed for institutional use. Banco CMF is among the confirmed participants, working through its newly launched corporate unit QORP as part of JPMorgan’s minimum viable product, per the report. “In the first phase, banks are expected to work on integrating available services to verify improvements in settlement times and interbank reconciliations of integrated banks,” Maximiliano Cohn, chief information officer of CMF, reportedly told the outlet. Read more
JPMorgan’s Kinexys network is gaining traction among corporations as blockchain-based payment rails scale toward $10 billion in daily transaction volume. Mitsubishi Corporation plans to use a blockchain-based payment system developed by JPMorgan Chase to move funds across its global operations, signaling continued adoption of blockchain infrastructure within traditional finance. The system is part of JPMorgan’s blockchain network, known as Kinexys, which enables near-instant fund transfers, reduces reliance on traditional banking and operates around the clock, according to a report by Nikkei. JPMorgan is seeking to scale the platform to $10 billion in daily transactions from the current average of $7 billion. Kinexys has processed more than $3 trillion in cumulative volume since launching in 2020, highlighting growing institutional demand for blockchain-based settlement systems. Read more
Investors allege JPMorgan helped facilitate fund flows in a $328 million crypto Ponzi scheme, while a parallel federal case targets Goliath Ventures’ founder. JPMorgan is facing a lawsuit for allegedly enabling a $328 million crypto Ponzi scheme run by now-defunct Goliath Ventures. Investors on Tuesday filed a proposed class action in the US District Court for the Northern District of California, accusing JPMorgan of ignoring suspicious transactions and allowing Goliath to use its infrastructure to collect investor funds. A separate federal criminal complaint against Goliath CEO Christopher Delgado, however, says investor funds also flowed through a Bank of America account and directly into Coinbase wallets. Read more
Almost 89% of the family offices polled by JPMorgan report zero crypto exposure, with average allocations to digital assets and Bitcoin remaining well below 1%. Artificial intelligence has emerged as the dominant investment theme for the world’s largest family offices, while cryptocurrencies continue to attract limited interest, according to a new report from JPMorgan Private Bank. The bank’s 2026 Global Family Office Report polled 333 single-family offices across 30 countries between May and July 2025. It shows that 65% of respondents, or 216 offices, are prioritizing artificial intelligence-related investments either now or in the future. By contrast, just 17% (56 offices) view crypto and digital assets as a key investment theme. Crypto remained largely absent from family office portfolios. According to the report, 89% of family offices currently have no exposure to cryptocurrencies, while the average global allocation to crypto and digital assets sits at just 0.4%. Exposure to Bitcoin (BTC) is even smaller...
The lawsuit was filed days after the president threatened on social media to sue the banking giant for debanking him weeks after his supporters attacked the US Capitol in 2021. US President Donald Trump has filed a lawsuit in Florida state court against JPMorgan, claiming that the banking giant terminated accounts connected to the president and his businesses “without warning or provocation.” According to a Thursday Bloomberg report, Trump filed a complaint in the Miami-Dade County state court, seeking $5 billion in damages from JPMorgan and its CEO, Jamie Dimon. The complaint was not available on the court’s public docket at the time of publication. The lawsuit accused JPMorgan of trade libel and breach of implied covenant of good faith, and Dimon of violating Florida’s deceptive trade practices law. A spokesperson for the bank said the lawsuit had no merit and JPMorgan “does not close accounts for political or religious reasons.” Read more
Banks and crypto firms are converging fast, as yield-bearing stablecoins, ETF filings and tokenized markets test the boundaries of financial regulation. A sharp fault line is forming across the digital asset industry between crypto products that increasingly resemble regulated financial institutions and a traditional banking sector warning that some of those innovations may be going too far. That tension is on full display this week. JPMorgan is cautioning that yield-bearing stablecoins risk recreating core banking functions without the safeguards built up over decades of regulation. At the same time, Wall Street’s engagement with crypto continues to deepen, with Morgan Stanley’s exchange-traded fund (ETF) filings signaling what analysts describe as the next phase of institutional adoption, one that could force other banks to accelerate their own strategies. Read more
Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation. Stablecoins emerged as a topic during JPMorgan Chase’s fourth-quarter earnings call on Tuesday, with executives expressing support for blockchain technology while warning that certain stablecoin designs could threaten the regulated banking system. The comments came in response to a question from Evercore analyst Glenn Schorr, who asked about stablecoins in light of recent industry lobbying by the American Bankers Association and ongoing congressional markups related to digital asset legislation. Responding to the question, JPMorgan chief financial officer Jeremy Barnum said the bank’s position aligns with the intent of the GENIUS Act, which seeks to establish guardrails around stablecoin issuance. Read more
JPMorgan’s Kinexys unit is taking JPM Coin beyond its existing rails, planning a native launch of the US dollar deposit token on the Canton Network. Digital Asset, the creator of the Canton Network, and Kinexys by JPMorgan plan to bring USD JPM Coin (JPMD) natively to the Canton Network, extending the bank’s deposit token from its existing infrastructure onto a public, institutional-grade blockchain. The bank has already begun deploying JPM Coin on Coinbase’s Base network for institutional clients as part of a pilot, and has indicated it plans to support additional public blockchains over time, making Canton another leg in a multi-chain strategy. According to an announcement shared with Cointelegraph, JPM Coin by Kinexys Digital Payments is “the first bank‑issued, USD‑denominated deposit token” designed for institutional clients and represents a digital claim on JPMorgan US dollar deposits on distributed ledger infrastructure. Read more
JPMorgan has reportedly frozen accounts linked to Y Combinator–backed stablecoin startups BlindPay and Kontigo after flagging exposure to sanctioned jurisdictions. JPMorgan Chase has reportedly frozen bank accounts linked to two venture-backed stablecoin startups after identifying exposure to sanctioned and high-risk jurisdictions. The accounts belonged to BlindPay and Kontigo, two stablecoin startups backed by Y Combinator that primarily operate across Latin America, according to a report by The Information. Both companies accessed JPMorgan’s banking services through Checkbook, a digital payments firm that partners with large financial institutions. Per the report, the freezes occurred after JPMorgan flagged business activity tied to Venezuela and other locations subject to US sanctions. Read more