To build a global economy, Base is committed to bringing financial assets onchain – enabling faster, cheaper, near-instant settlement on onchain rails.

Today, money still moves through closed systems like ACH, SWIFT, and Fedwire. These networks were not built for programmability or real-time operations – often taking days, introducing friction, and resulting in capital sitting idle. Onchain infrastructure changes that. By using Base, institutions can move capital globally in seconds, for less than a cent.

To take advantage of these global onchain payment rails, J.P. Morgan launched a USD-backed permissioned deposit token on Base called JPMD through Kinexys by J.P. Morgan. These are USD-denominated and backed 1:1 by deposits – combining the programmability of onchain finance with the trust and compliance that regulated financial institutions require. It’s specifically designed to allow J.P. Morgan institutional clients to move money onchain – 24/7, instantly, securely, at a fraction of a cent.

J.P. Morgan is the latest addition to the growing list of 200+ global financial institutions that Coinbase's Crypto-as-a-Service platform supports. These institutions – including banks, brokers, fintechs, and payment providers – leverage the platform to build crypto-powered products for custody, trading, tokenization, and payments.

Onchain capital is here. It’s faster, more liquid, always available, and being built on Base. We’re unlocking a new class of financial tools, such as:

- Real-time settlement of institutional payments and treasury flows

- Onchain liquidity management and cash positioning

- Programmable payouts, lending, and credit infrastructure

- Seamless global reconciliation and reporting

As more institutions bring assets to Base, the onchain global economy is becoming real. J.P. Morgan and traditional financial institutions moving onchain is a major leap forwards towards one of our key strategic pillars for 2025: “Base is for markets.” The more assets and liquidity we bring to Base, the faster we’ll build the global onchain economy – with better, faster, cheaper, and more secure payment rails for money movement.

J.P. Morgan’s deposit token (JPMD) is a permissioned product designed exclusively for eligible institutional clients and is not available to retail or individual consumers. Availability is limited to qualified institutional participants.