# JPM Coin (JPMD)

<https://galactic.inc/analytics/jpmd/>

Data block: 26,238,003 (2026-10-21 02:32 UTC)

[J.P. Morgan](https://www.jpmorgan.com/kinexys/jpm-coin) · Deposit tokens · Ethereum · Base
- Price: ~$1.0000
- Market cap: ~$1.00M
- Supply: 1,001,000.00
- Transfer volume (30d) · Ethereum: $0.00

JPM Coin (JPMD) is a USD bank deposit token issued by J.P. Morgan (Kinexys). It represents commercial bank deposits at J.P. Morgan for vetted institutional counterparties and is not a cryptocurrency or a stablecoin. Across Ethereum and Base it has a combined supply of 1,001,000.00 tokens, for a market cap of $1.00M.

## Price sources

| Source | Value | Type | Estimated | Link | As of |
|---|---|---|---|---|---|
| Deposit token backed by USD deposits at J.P. Morgan, valued at $1 | $1.0000 | Issuer report | Yes | [jpmorgan.com](https://www.jpmorgan.com/kinexys/jpm-coin) | 2026-10-21 |

## Supply by chain

| Chain | Supply | Holder addresses | Market cap | Data as of |
|---|---|---|---|---|
| Ethereum | 0.00 | 0 | $0.00 | [Block 26,238,003](https://etherscan.io/block/26238003) |
| Base | 1,001,000.00 | — | $1.00M | [Block 52,880,372](https://basescan.org/block/52880372) |
| Total | 1,001,000.00 | — | $1.00M |  |

## Key facts

- **Issuer:** [J.P. Morgan](https://www.jpmorgan.com/kinexys/jpm-coin)
- **Category:** Deposit tokens
- **Chains:** Ethereum, Base
- **Deployed · Ethereum:** 2026-10-19
- **Transfers (30d) · Ethereum:** 0
- **Transfer volume (30d) · Ethereum:** $0.00
- **Data block · Ethereum:** [26,238,003](https://etherscan.io/block/26238003)

## Regulatory structure

As of 2026-10-19

- **Issuer legal entity:** [J.P. Morgan](https://www.jpmorgan.com/kinexys/jpm-coin)
- **Regulatory framework / offering exemption:** [Bank deposit (commercial bank money; existing regulatory deposit frameworks)](https://www.jpmorgan.com/kinexys/jpm-coin)
- **Eligible investors:** [Vetted counterparties (issuer wording)](https://www.jpmorgan.com/kinexys/jpm-coin)
- **Transfer restrictions:** [Transfers limited to vetted, approved counterparties](https://www.jpmorgan.com/kinexys/jpm-coin)
- **Exposure type:** [USD commercial bank deposit at J.P. Morgan](https://www.jpmorgan.com/kinexys/jpm-coin)

[Definitions and methodology](https://galactic.inc/analytics/jpmd/#regulatory-glossary)

## Contract control

| Holder | Roles | Type | Key use | Last rotated |
|---|---|---|---|---|
| **Ethereum** |  |  |  |  |
| [0xda62…3701](https://etherscan.io/address/0xda6233bf14456211749a44747c18795884063701) | Upgrade admin | Single key | Dedicated | No onchain rotation recorded |
| [0xf511…7e25](https://etherscan.io/address/0xf5118ed493cd84f4fc9749ece08d4462cbeb7e25) | Admin | Single key | Dedicated | No onchain rotation recorded |
| [0xea88…64fe](https://etherscan.io/address/0xea8863216a3828f3c163dfb9fa4d008b73ec64fe) | Minter | Single key | Dedicated | No onchain rotation recorded |
| [0xdd30…9e32](https://etherscan.io/address/0xdd30c94be273503b41c3ca17e9bd37bcd57c9e32) | Pauser | Single key | Dedicated | — |
| **Base** |  |  |  |  |
| [0x3de4…ebd7](https://basescan.org/address/0x3de41052c12ea6efd07cb2356d55a2db8e3eebd7) | Upgrade admin | Single key | Dedicated | Rotation history not available |
| [0x13a2…1ea6](https://basescan.org/address/0x13a2e9d8d348ceb3b4fe1ed617b9804daca51ea6) | Admin | Single key | Dedicated | Rotation history not available |
| [0x3efa…5636](https://basescan.org/address/0x3efa8419b13547e4ef4c18fbbc339fc354c45636) | Minter | Single key | Dedicated | Rotation history not available |
| [0xfb27…7d57](https://basescan.org/address/0xfb27bbcd22c6de22aa40f14a957cc86ba60e7d57) | Pauser | Single key | Dedicated | — |

## Role history

| Role | Key | Type | Added | Days held | Granted by | Other assets |
|---|---|---|---|---|---|---|
| **Ethereum** |  |  |  |  |  |  |
| Upgrade admin | [0xda62…3701](https://etherscan.io/address/0xda6233bf14456211749a44747c18795884063701) | Single key | [2026-10-19](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) | 1 | [0x4e59…956c](https://etherscan.io/address/0x4e59b44847b379578588920ca78fbf26c0b4956c) | — |
| Admin | [0xf511…7e25](https://etherscan.io/address/0xf5118ed493cd84f4fc9749ece08d4462cbeb7e25) | Single key | [2026-10-19](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) | 1 | [0x4e59…956c](https://etherscan.io/address/0x4e59b44847b379578588920ca78fbf26c0b4956c) | — |
| Minter | [0xea88…64fe](https://etherscan.io/address/0xea8863216a3828f3c163dfb9fa4d008b73ec64fe) | Single key | [2026-10-19](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) | 1 | [0x4e59…956c](https://etherscan.io/address/0x4e59b44847b379578588920ca78fbf26c0b4956c) | — |
| Burner | [0x301d…7694](https://etherscan.io/address/0x301da771efe1565e666a5bd654c70cfe18057694) | Single key | [2026-10-19](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) | 1 | [0x4e59…956c](https://etherscan.io/address/0x4e59b44847b379578588920ca78fbf26c0b4956c) | — |
| Pauser | [0xdd30…9e32](https://etherscan.io/address/0xdd30c94be273503b41c3ca17e9bd37bcd57c9e32) | Single key | [2026-10-19](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) | 1 | [0x4e59…956c](https://etherscan.io/address/0x4e59b44847b379578588920ca78fbf26c0b4956c) | — |
| **Base** |  |  |  |  |  |  |
| Upgrade admin | [0x3de4…ebd7](https://basescan.org/address/0x3de41052c12ea6efd07cb2356d55a2db8e3eebd7) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Admin | [0x13a2…1ea6](https://basescan.org/address/0x13a2e9d8d348ceb3b4fe1ed617b9804daca51ea6) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Minter | [0x3efa…5636](https://basescan.org/address/0x3efa8419b13547e4ef4c18fbbc339fc354c45636) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Burner | [0xc853…7448](https://basescan.org/address/0xc853ae67c6d30b525fabe2253a9377fdf1037448) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Pauser | [0xfb27…7d57](https://basescan.org/address/0xfb27bbcd22c6de22aa40f14a957cc86ba60e7d57) | Single key | Earliest available state: 2026-10-20 | — | — | — |

No onchain log history is available on Base; those rows start from the earliest available state.

## Change log

| Time (UTC) | Network | Event | Details | Transaction |
|---|---|---|---|---|
| 2026-10-19 06:52:47 | Ethereum | Role granted | BURNER_ROLE · 0x301d…7694 | [0xa773…13e8](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) |
| 2026-10-19 06:52:47 | Ethereum | Role granted | ALLOWLIST_ROLE · 0x459b…5150 | [0xa773…13e8](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) |
| 2026-10-19 06:52:47 | Ethereum | Role granted | UPGRADER_ROLE · 0xda62…3701 | [0xa773…13e8](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) |
| 2026-10-19 06:52:47 | Ethereum | Role granted | ISSUER_ROLE · 0xea88…64fe | [0xa773…13e8](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) |
| 2026-10-19 06:52:47 | Ethereum | Role granted | PAUSER_ROLE · 0xdd30…9e32 | [0xa773…13e8](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) |
| 2026-10-19 06:52:47 | Ethereum | Role granted | DEFAULT_ADMIN_ROLE · 0xf511…7e25 | [0xa773…13e8](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) |
| 2026-10-19 06:52:47 | Ethereum | Implementation upgraded | 0x390e…583f | [0xa773…13e8](https://etherscan.io/tx/0xa7738b95df84f8c09ba0b377ae96b41c7ccb73dc0908c05da9a2c9eac72613e8) |

## Contracts

| Address | Asset |  |
|---|---|---|
| [0xb2906cced1b2c8330480414cefa1eb52bdbd73a3](https://galactic.inc/analytics/jpmd/ethereum/0xb2906cced1b2c8330480414cefa1eb52bdbd73a3/) | JPMD JPMD | [Etherscan](https://etherscan.io/token/0xb2906cced1b2c8330480414cefa1eb52bdbd73a3) |
| 0x7e0aedc93d9f898be835a44bfca3842e52416b82 | JPM Coin (Base) | [BaseScan](https://basescan.org/token/0x7e0aedc93d9f898be835a44bfca3842e52416b82) |

## Frequently asked questions

**What is JPMD?**

JPM Coin (JPMD) is a USD bank deposit token issued by J.P. Morgan through Kinexys. It represents deposits held in J.P. Morgan bank accounts for vetted institutional counterparties.

**Is JPMD a stablecoin?**

No. J.P. Morgan states that JPM Coin is a bank-issued deposit token, not a cryptocurrency or a stablecoin.

**Who can hold JPMD?**

According to J.P. Morgan, only vetted, approved counterparties can participate.

## Related assets

- [XAUT Gold · $3.40B](https://galactic.inc/analytics/xaut/)
- [USYC Treasuries · $2.39B](https://galactic.inc/analytics/usyc/)
- [USDY Treasuries · $2.34B](https://galactic.inc/analytics/usdy/)
- [BUIDL Money market · $2.00B](https://galactic.inc/analytics/buidl/)