JPMorgan Unveils JPM Coin on Coinbase's Base, Bridging Banking and Web3
JPMorgan and Coinbase have deployed JPM Coin on Base, Coinbase’s Ethereum Layer 2, marking a notable push by a major bank into regulated on-chain money. The token is positioned as an interest-bearing instrument for institutions, allowing tokenized payments to settle faster while staying within U.S. regulatory frameworks. The move couples a legacy financial institution’s payments expertise with a popular Web3 settlement layer.
The launch matters because it could streamline cross‑border institutional flows, improve liquidity management, and make tokenized payments more practical for banks and corporate treasuries. By anchoring the coin to compliance and custody standards, JPMorgan aims to lower friction for institutional adoption, though regulators, counterparties, and custodians will watch integration and oversight closely as usage scales.