JPMorgan | Crypto

State Street launched its first digital debt securities using JPMorgan’s Digital Debt Service, executing a $100 million commercial paper transaction. According to an Aug. 21 statement, State Street Investment Management purchased the commercial paper for its Short Term Investment Fund.  The debt securities are issued, settled, and serviced using blockchain technology, delivering streamlined institutional market […] The post State Street issues $100M digital debt securities on JPMorgan’s proprietary blockchain appeared first on CryptoSlate.

State Street, one of the world’s top three asset managers, can now custody blockchain-based debt securities for institutional clients. State Street, an asset manager and custodian bank serving institutional clients, has joined financial services company JPMorgan’s tokenized debt platform as its first third-party custodian, allowing it to hold blockchain-based debt securities on behalf of investors. JP Morgan’s Digital Debt Service platform allows institutional clients to trade and settle tokenized debt instruments, which are securities issued on a blockchain that represent government or corporate bonds.  The asset manager purchased $100 million in tokenized commercial debt from the Oversea-Chinese Banking Corporation (OCBC), one of the oldest banks in Southeast Asia, in the platform’s inaugural transaction, according to Thursday’s announcement. Read more

Once one of crypto’s loudest critics, Jamie Dimon now says he’s a “believer” in stablecoins as JPMorgan deepens its push into digital assets. JPMorgan CEO Jamie Dimon appeared to moderate his long-held skepticism toward digital assets in a CNBC interview Tuesday morning, saying he’s now “a believer in stablecoins” and sees value in blockchain technology. During the interview, Dimon suggested JPMorgan’s shift toward crypto is being driven by customer demand, not conviction. “We’re going to accommodate… It’s what the customer wants, not what JPMorgan wants,” he said, adding that all new financial products come with risk: “There’s never been a new financial product that didn’t entail risk.” JPMorgan has been sharply expanding its footprint in crypto. Dimon confirmed in mid‑July that the bank plans to participate in the space with its deposit coin and broader stablecoin issuance to “understand it and be good at it.” Read more

Coinbase and JPMorgan Chase partner to bring crypto purchases, stablecoin rewards and direct bank integrations to Chase customers. JPMorgan Chase has partnered with crypto exchange Coinbase to introduce crypto integrations to its customers, a step in bridging traditional finance with digital assets.  Coinbase announced Wednesday that Chase credit card holders can use their cards to buy crypto on Coinbase starting this fall. In addition, Coinbase said JPMorgan’s customers will also be able to redeem their Chase Ultimate Rewards Points for USDC (USDC) in 2026.  Coinbase said this will be the first major rewards program redeemable for crypto. “For the first time, points from a major credit card rewards program will be redeemable for crypto rewards,” Coinbase said.  Read more

Tyler Winklevoss claims JPMorgan paused Gemini's onboarding after he criticized the bank’s data access fees, calling the move anti-competitive. Gemini co-founder Tyler Winklevoss has accused JPMorgan Chase of halting the crypto exchange’s onboarding process in response to his public criticism of the bank’s new data access policy. In a Friday post on X, Winklevoss claimed JPMorgan retaliated after he called out the banking giant’s new move as anti-competitive behavior that could harm fintech and crypto firms. “My tweet from last week struck a nerve. This week, JPMorgan told us that because of it they were pausing their re-onboarding of Gemini as a customer after they off-boarded us during Operation ChokePoint 2.0,” the Gemini boss wrote. Read more

Gemini co‑founder Tyler Winklevoss said JPMorgan froze the crypto exchange’s effort to regain banking services after he accused “banksters” of trying to strangle fintech and crypto firms. In a thread on July 25, Winklevoss claimed the bank told Gemini that his earlier tweet had prompted a pause in re‑onboarding, an effort underway since JPMorgan off‑boarded the company […] The post Winklevoss accuses JPMorgan of retaliation over criticizing ‘bankster’ war on open banking appeared first on CryptoSlate.

JPMorgan’s latest research indicates that international regulators are more inclined to support tokenized deposits, particularly those that preserve the existing structure and stability of fiat-based banking systems, The Block reported on July 18. According to the Wall Street lender, financial regulators outside the United States are showing a growing preference for tokenized bank deposits over […] The post JPMorgan reveals global regulators favor tokenized bank deposits over stablecoins appeared first on CryptoSlate.

JPMorgan has deepened its study of digital assets, launching the JPMD USD deposit token and testing stablecoins to stay informed on payment trends. Jamie Dimon has questioned their edge over current systems as global watchdogs pursue harmonized oversight for growing cross-border use. The post JPMorgan’s Dimon Says Stablecoins Are ‘Real’ But Questions Their Use Case appeared first on Cryptonews.

Big banks have been weighing an entry into the stablecoin market as the US Congress debates digital assets regulation. JPMorgan Chase, the largest bank in the United States with $3.6 trillion in assets, has plans to “to be involved in […] stablecoins,” CEO Jamie Dimon said on Tuesday during an earnings conference call. According to Dimon, JPMorgan’s move into the stablecoin space is partly driven by competition from fintech companies, which are increasingly trying to replicate features of the traditional financial system. “We’re going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it,” Dimon said. “I think they’re real, but I don’t know why you’d want to [use a] stablecoin as opposed to just payment.” Read more

JPMorgan’s blockchain lead says merging TradFi with DeFi is accelerating, as the bank’s pilot with Chainlink and Base shows traditional institutions moving onchain. The divide between decentralized finance (DeFi) and traditional finance (TradFi) could disappear within the next few years, according to Nelli Zaltsman, head of blockchain payments innovation at JPMorgan’s Kinexys. Speaking alongside Chainlink Labs co-founder Sergey Nazarov at the RWA Summit Cannes 2025, Zaltsman said JPMorgan is pushing to merge institutional-grade payments infrastructure with emerging onchain assets, signaling what could be a tipping point for mainstream blockchain adoption. “Our goal has always been to find the best way to work with the public blockchain, regulatory environment permitting,” said Zaltsman. She described JPMorgan’s blockchain strategy as “asset agnostic,” aiming to give clients real-time access to multiple networks while minimizing friction. Read more

Michael Saylor’s Strategy has propelled into a cohort of U.S. firms with quarterly gains above $10 billion, driven by about $14 billion in unrealized Bitcoin-linked profit and an accounting rule shift. Shares have climbed more than 3,100 % since 2020, yet skeptics led by Jim Chanos question the valuation premium and urge shorts. The post Michael Saylor’s Strategy Shocks Wall Street As $14 Billion Bitcoin Gains Match Amazon & JPMorgan appeared first on Cryptonews.

While seeing Circle as well-positioned in the market, JPMorgan analysts warned that competition is a potential threat to the stablecoin issuer. Analysts at JPMorgan, a major US investment bank, have initiated coverage of Circle (CRCL) shares with an underweight rating and a $80 price target by December 2026. JPMorgan’s analysts, led by Kenneth Worthington, on Monday presented their first formal Circle stock analysis in the “North America Equity Research” report, seen by Cointelegraph. Down 55% from the current CRCL price of $180, the forecast is based on a 45x multiple of projected 2027 earnings per share (EPS) plus a $10 premium for upside potential. Read more

JPMD may be JPMorgan’s next digital currency. Here’s what the trademark filing reveals about stablecoins, deposit tokens and the GENIUS Act. JPMD is a newly filed trademark by JPMorgan Chase, submitted to the US Trademark Office for crypto-related services between June 15 and 17, 2025.  While a filing doesn’t confirm a finished product, it’s often the first public hint that something is in the works. In this case, it plants a flag in the digital currency space — and raises fresh questions about JPMorgan’s broader crypto ambitions. Read more

Three JPMorgan executives met with the SEC’s Crypto Task Force to discuss which capital markets instruments could move onchain and how to best navigate the change. Executives with America’s biggest bank met with the Securities and Exchange Commission’s Crypto Task Force to discuss digital asset regulation and potential ramifications of capital markets moving onchain. The JPMorgan Chase executives discussed with the SEC the “potential impact of existing capital markets activity migrating to public blockchain” — including which areas of the existing model might change and how firms could assess the risks and benefits of those changes, according to an SEC note shared on Tuesday. The two groups also discussed JPMorgan’s existing “business footprint” in the crypto space, including its current digital platform that handles repurchase agreements — a type of short-term borrowing in financial markets that falls under its “Digital Financing” and “Digital Debt Services” offerings. Read more

JPMorgan will pilot a dollar-denominated deposit token called JPMD on Coinbase’s Base blockchain within days, global blockchain division co-head Naveen Mallela said in an interview with Bloomberg News on June 17.  The test will transfer a fixed amount of JPMD from the bank’s digital wallet to Coinbase, making the token available to selected institutional users […] The post JPMorgan pilots tokenized deposit token on Base, targeting instant dollar transfers appeared first on CryptoSlate.

Once the pilot phase ends, Coinbase’s institutional clients can begin using JPMD for transactions. JPMorgan Chase’s foray into the blockchain ecosystem continues, with the financial institution choosing the Base network to pilot its newly launched deposit token, JPMD.  The pilot program was confirmed by Naveen Mallela, an executive at JPMorgan’s blockchain division, Kinexys, who told Bloomberg that a fixed amount of JPMD tokens will be transferred to crypto exchange Coinbase in the coming days. The transfer will be facilitated through Coinbase’s layer-2 blockchain, Base, which launched in 2023 and currently has the largest market share among Ethereum layer-2s, according to CoinGecko.  Read more

JPMorgan has filed a new trademark that covers a range of potential crypto-services for the bank, which industry commentators speculate could include a stablecoin venture. JPMorgan Chase has filed a new trademark application in the US for “JPMD” — signaling a potential expansion of its blockchain and crypto services and amplifying speculation of a stablecoin offering. JPMorgan’s application to the US Patent and Trademark Office on Sunday outlines a wide range of crypto-related services, including digital asset trading, exchange, transfer, clearing and payment processing. The broad list of services could suggest that JPMorgan is exploring carrying out more of its financial services on blockchain rails, including a stablecoin offering. Read more

JPMorgan filed a trademark application for the mark “JPMD,” covering trading, exchange, transfer, and payment services tied to virtual currency, digital tokens, and blockchain-enabled money.  According to reports from June 16, the filing lists electronic fund transfers, real-time token trading, custody services, and secure online financial transactions. The document identifies JPMorgan Chase Bank, N.A., as […] The post JPMorgan files ‘JPMD’ trademark for digital asset payment services, hinting at potential stablecoin appeared first on CryptoSlate.

Chainlink, JPMorgan’s Kinexys, and Ondo Finance completed a crosschain DvP settlement between a permissioned payment network and a public RWA blockchain. Chainlink, JPMorgan’s Kinexys and Ondo Finance completed a “first-of-its-kind” crosschain delivery versus payment (DvP) settlement between a permissioned payment network and a public testnet. The test involved Kinexys Digital Payments, a permissioned network operated by JPMorgan and Ondo Chain’s testnet, which is focused on real-world asset (RWA) tokenization, Chainlink said in a Thursday announcement. The settlement was coordinated using Chainlink’s Runtime Environment (CRE), an offchain compute layer designed for interoperable financial systems. At the center of the transaction was OUSG, Ondo’s tokenized US Treasurys fund, which was exchanged for payment via Kinexys’ platform. Read more

In some cases, the bank will look at crypto holdings when determining net worth, which may affect how much can be borrowed. JPMorgan, the largest bank in the United States by assets, plans to offer trading and wealth-management clients the option of using crypto-linked assets as collateral for loans, according to a June 4 report from Bloomberg. The bank is set to allow financing against crypto exchange-traded funds (ETFs) in some weeks. JPMorgan will begin with BlackRock’s iShares Bitcoin Trust, which, according to Sosovalue.com, is the largest US spot Bitcoin (BTC) ETF with $70.1 billion in net assets. The bank will also consider clients’ crypto holdings when assessing net worth, treating digital assets similarly to traditional ones when determining how much a client can borrow against assets. Read more