JPM CoinSM

Bringing institutional deposits on chain

Facilitate real-time, peer-to-peer, on-chain transfers to support digital asset transactions, backed by the safety and security of J.P. Morgan
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It is so good to be back here in Miami for the race this year and for offering the fans a very special experience. This year, we've expanded the partnership, and we have enabled biometrics at every location within the merchandise store. We have also expanded our partnership that allows consumers to buy products online, enabling our full omnichannel experience.

J.P. Morgan Payments was super vital in helping us create a first in class experience with the creation of our e-commerce site. We've been given this beautiful platform to access fans all over the world. We're excited about these new advancements that we continue to develop with them as our partner.

[MUSIC PLAYING]

Have you ever done anything like this before?
No, I'm excited about it.
OK, well, let's do it.

The future boutique is a demo experience simulating what retail and commerce will look like in the future.

Look at that.

Cheers.

Cheers.

It's a fantastic showcase of the products, the integration, the solutions, the speed of how fast our products can recognize your face, how quickly it processes the payment. Pay with a smile. Yes, always.

I've seen people coming in and just seeing them smile all the way from buying a drink, getting sweets, getting a personalized hat. It's the ultimate personalized shopping experience. Omnichannel really helps turn you from a spectator into a fan. It creates unique experiences. All of this is just made for you.

We want to power those J.P. Morgan Payments and solve business challenges, help those businesses grow, and make the fans at the end really happy and excited and energized about what they just went through.

How can I go back to normal shopping now?
[LAUGHS]

[MUSIC PLAYING]

End

What is JPM Coin?

Learn more about our Deposit Token solution designed for institutions

Unlock new opportunities to capture value with JPM Coin, our deposit token solution for institutions

Send and receive money 24/7 in near real time

Intra-day settlement can free up cash in transit anywhere in the world among approved J.P. Morgan institutional clients and their customers

Use as collateral and as payments for digital assets

Enable innovative use cases, including JPM Coin as on-chain collateral and to make payments

Reduce liquidity silos

JPM Coin integrates with the J.P. Morgan traditional banking infrastructure to streamline operations, enabling quicker, more effective liquidity management

Take advantage of planned interest payouts1

Potentially collect interest payouts on JPM Coin just like you would on a traditional deposit account

It is so good to be back here in Miami for the race this year and for offering the fans a very special experience. This year, we've expanded the partnership, and we have enabled biometrics at every location within the merchandise store. We have also expanded our partnership that allows consumers to buy products online, enabling our full omnichannel experience.

J.P. Morgan Payments was super vital in helping us create a first in class experience with the creation of our e-commerce site. We've been given this beautiful platform to access fans all over the world. We're excited about these new advancements that we continue to develop with them as our partner.

[MUSIC PLAYING]

Have you ever done anything like this before?
No, I'm excited about it.
OK, well, let's do it.

The future boutique is a demo experience simulating what retail and commerce will look like in the future.

Look at that.

Cheers.

Cheers.

It's a fantastic showcase of the products, the integration, the solutions, the speed of how fast our products can recognize your face, how quickly it processes the payment. Pay with a smile. Yes, always.

I've seen people coming in and just seeing them smile all the way from buying a drink, getting sweets, getting a personalized hat. It's the ultimate personalized shopping experience. Omnichannel really helps turn you from a spectator into a fan. It creates unique experiences. All of this is just made for you.

We want to power those J.P. Morgan Payments and solve business challenges, help those businesses grow, and make the fans at the end really happy and excited and energized about what they just went through.

How can I go back to normal shopping now?
[LAUGHS]

[MUSIC PLAYING]

End

How do stablecoins and deposit tokens compare?

Facilitate blockchain-native use cases
Collaborate with us to develop blockchain use cases that are customized to your business
Enable 24/7 U.S. dollar payments

Reduce the time and cost for international transfers by using direct peer-to-peer or bank-to-bank transfers of funds

Facilitate digital asset transactions2

Enable new functionality, such as programmability and near-instant settlement, to help speed up transactions and automate sophisticated payment operations.

Enhance intraday liquidity2

Leverage JPM Coin as on-chain collateral to access funds and seize growth opportunities

Frequently asked
questions

A deposit token is a blockchain-based deposit product that represents a general deposit liability of the issuing bank. It is designed to function as a deposit and can be deployed on public or private blockchain networks. Deposit tokens are intended to be transferable among the issuing bank’s direct customers and their eligible customers, while retaining the characteristics of a deposit.

JPM Coin is issued on Base, an Ethereum Layer 2 blockchain network built within Coinbase, and can be reached here to view the smart contract. Please be aware that any tokens with the same or similar name, but at different contract addresses, are not affiliated with J.P. Morgan.

JPM Coin represents a continuation of Kinexys’ work in advancing digital money solutions, which began in 2019 on private permissioned blockchain infrastructure with Kinexys Digital Payments Blockchain Deposit Accounts. JPM Coin represents the first product to be offered by J.P. Morgan on public blockchain infrastructure, and provides institutional clients a digital money alternative to stablecoins.

Kinexys’ Blockchain Deposit Accounts are offered on Kinexys’ private permissioned blockchain for J.P. Morgan institutional clients. JPM Coin is designed to be offered on external blockchains, including public blockchain environments and to be held by both J.P. Morgan institutional clients and their eligible clients.

JPM Coin—and deposit tokens in general—match the novel and distinctive properties of stablecoins, most notably the ability to conduct peer-to-peer transactions with programmability. As such, deposit tokens and stablecoins can be applied to similar use cases. However, deposit tokens differ from stablecoins in key areas, including interest payouts and deposit treatment. Clients can regard deposit tokens on their balance sheet with the same considerations typically applied to other deposit products2. Accounting treatment will ultimately be subject to confirmation with their auditors. Additionally, JPM Coin is integrated with J.P. Morgan traditional banking systems, thereby reducing liquidity silos for clients.

Deposit tokens enable native cash settlement on external public and private blockchain networks. As such, deposit tokens offer a solution for use cases, including: facilitating payment for and redemption of digital assets such as tokenized money market funds; enabling 24/7/365 cross-border payments; and serving as on-chain collateral.

JPM Coin provides our institutional clients the ability to engage with public blockchain transactions using an on-chain cash solution that is seamlessly integrated into their existing banking infrastructure. From a payments standpoint, JPM Coin offers an efficient solution to the limitations of traditional financial infrastructure, offering 24/7/365 cross-border settlement with offering 24/7/365 cross-border settlement and streamlined transaction processing.

JPM Coin is available only to approved-listed entities that are institutional customers of J.P. Morgan and is subject to the transaction monitoring and screening requirements that apply across J.P. Morgan.
Connect with us

Interested in driving meaningful efficiencies for your business with JPM Coin?

Learn more about deposit tokens and designing tokens for safety, integrity, interoperability and usability.
Get in touch