Contact us

J.P. Morgan Launches First USD Deposit Token on a Public Blockchain

November 14, 2025

4:20 am

J.P. Morgan has made history by becoming the first bank to issue a USD deposit token on a public blockchain, launching the JPM Coin deposit token (JPMD) on Base, Coinbase’s Ethereum Layer 2 network. The initiative, led by Kinexys by J.P. Morgan, brings regulated bank deposits into the on-chain world—offering faster, safer, and programmable digital payments for institutional clients.

During testing, firms like B2C2, Coinbase, and Mastercard completed transactions using JPMD, demonstrating 24/7 real-time settlement, near-instant liquidity, and ultra-low-cost transfers across borders.

J.P. Morgan says JPMD combines the security of bank-backed deposits with the speed and efficiency of blockchain, while enabling future integration with smart contracts for automated financial workflows.

With this launch, the bank strengthens its position as a leader in bringing institutional finance on-chain and accelerating the next phase of digital money.

We’d love to hear from you!

We’re proud to deliver measurable results that drive growth and long-term success for our clients and candidates across industries.

Releated Blogs

DuploCloud introduces AI DevOps Engineers — a new way for teams to build and run infrastructure.

Data Pipeline Modernisation in 2025: Why DevOps, DataOps & Databases Must Work Together

India Emerges as a Global AI Powerhouse with $52B Tech Pledge

Let’s Build Something Great Together

Whether you want to hire experts in Cloud, Devops, Infrastructure or Cyber Security or if you are a tech talent aiming for your next adventure, we are here when you are ready.

Let us talk, discover what you require (and what you strive for) and how HOK Consulting can assist in achieving it.

Get Started

FinTech & Payments

HOK Consultancy matches businesses with specialist professionals and advisory in FinTech &Payments. Whether it is digital banking, blockchain, payment gateway, or automation, we provide talent and consulting that fortify your fintech backbone, retains compliance and accelerates growth in a changing landscape.

Cloud & Infrastructure

HOK Consultancy recruits and advises the best Cloud & Infrastructure professionals for designing, deploying and optimizing resilient environments. We help organizations to hire the best-fit DevOps, Cloud Architects, and Infrastructure experts who can simplify processes, minimize costs, and help accelerate modernization

Data Analytics & AI

HOK Consultancy We source and consult for the best Data Analytics and Artificial Intelligence Talent. At Sever, we leverage our experience in predictive analytic, machine learning, and data design to enable companies to transform raw data into effective business intelligence and gain a competitive advantage.

Cybersecurity

Find and hire skilled Cybersecurity analysts, engineers, and compliance experts with the strategic recruiting and HOK consultancy services. Let us help your teams be confident about securing data, mitigating risk and meeting changing security and governance standards.

Software Engineering

HOK Consultancy focuses on specialized recruitment and consulting in Software Engineering -applying to all the stages of the software life cycle. We connect you with engineers and architects who convert ideas into powerful, quick and future-ready applications -from system integration to custom development.

RegTech & Compliance

HOK Consultancy is a consultancy genesis. Application for commerce organizations looking to hire more compliance and RegTech talent who apply automation, AI and analytics to the regulatory lifecycle. We offer advisory and workforce solutions that keeps your business compliant, nimble and ready for the next regulatory cycle.