Deployments · Kinexys Digital Payments · platform by J.P. Morgan

JPM Coin (JPMD) USD deposit tokenUpdated 7 Nov 2026

A permissioned US dollar deposit token issued by J.P. Morgan through Kinexys, representing deposits at the bank but circulating on public blockchains. After a pilot from June 2025 it opened to the bank's institutional clients on Base, Coinbase's Ethereum layer 2, in November 2025, for round-the-clock wallet-to-wallet transfers. A native issue on the Canton Network is being rolled out in phases during 2026.

Live (limited) since 12 Nov 2025^[2]i — Only J.P. Morgan institutional clients can hold it; no volume figures found. · Reviewed 21d ago i

Assets

Bank deposit^[1]

Permissioned USD deposit token backed by J.P. Morgan deposits

Networks

Base Public, permissionless^[2]

Use cases i

Payments^[2][1]

Jurisdictions

United States

Participants

• J.P. MorganPlatform provider, Issuer, Operator^[1]United States
• CoinbaseClient or user, Technology provider^[1]United States
• B2C2Client or user^[2]United Kingdom
• MastercardClient or user^[2]United States
• Digital AssetTechnology provider^[3]United States

Assets

• IssuesJPM Coin (JPMD) (JPMD)^[1]

Metrics i

• $1mTokens on Base · as of 18 Oct 2026^[4]
  Total supply of the J.P. Morgan-linked Base contract (0x7e0a...2b82), read on Basescan and by eth_call totalSupply (2 decimals); two holding addresses.
• ~$1mSupply on chain (daily) · as of 7 Nov 2026^[5]
  Automated daily reading of on-chain supply across all chains.
• ~$1mSupply on chain (daily) · as of 7 Nov 2026 · on Base^[5]
  Automated daily reading.

Timeline

1. Happened 7 Jan 2026 · Announcement · recorded 11 Oct 2026
   Digital Asset and Kinexys announce plans to issue, transfer and redeem JPMD natively on the Canton Network in phases through 2026.^[3]
2. Happened 12 Nov 2025 · Launch · recorded 11 Oct 2026
   JPMD opens to institutional clients on Base for 24/7 near-instant transfers.^[2]
3. Happened 24 Jun 2025 · Announcement · recorded 11 Oct 2026
   Kinexys starts a JPMD pilot on Base, its first use of a public blockchain.^[1]

Sources i