JPMorgan Deploys JPM Coin on Ethereum for Instant Institutional Settlement
JPMorgan has launched its JPM Coin on the Ethereum blockchain, enabling institutional clients to settle dollar-backed transactions instantly around the clock.
Issuer
JPMorgan
Asset
JPM Coin
Blockchain
Ethereum
Settlement Speed
Seconds
The bank is rolling out this digital token specifically for its institutional client base. The asset is fully backed by dollars held in JPMorgan's accounts. This deployment allows for settlement to occur within seconds, operating seven days a week on a public blockchain.
Original summary by the Intergalactic Newsroom based on the cited source; read the source for full details. Not investment advice.