JPMorgan Chase has initiated a pilot for its JPMD deposit token, deployed on Coinbase-backed Base blockchain, with potential interest-bearing features in future phases. This move follows years of research—JPMorgan's blockchain unit Kinexys began exploring deposit tokens as early as 2023.🔹 JPMD Pilot: Key DetailsOn June 18, JPMorgan announced the pilot launch of JPMD, a deposit token hosted on Base blockchain. The bank will soon transfer an initial amount of JPMD from its digital wallet to Co...

JPMorgan Chase has initiated a pilot for its JPMD deposit token, deployed on Coinbase-backed Base blockchain, with potential interest-bearing features in future phases. This move follows years of research—JPMorgan's blockchain unit Kinexys began exploring deposit tokens as early as 2023.🔹 JPMD Pilot: Key DetailsOn June 18, JPMorgan announced the pilot launch of JPMD, a deposit token hosted on Base blockchain. The bank will soon transfer an initial amount of JPMD from its digital wallet to Co...