JPM Coin from JPM lets corporate treasury teams move U.S. dollars on a private blockchain in near real time instead of waiting for traditional wire cutoffs. Anyone holding JPM stock (NYSE: JPM, ISIN US46625H1005) should know this product.
- JPMorgan Chase has launched JPM Coin, a blockchain-based payment system for corporate clients to move tokenized U.S. dollars and euros on its private Onyx network.
- The system allows for near real-time, always-on payments, bypassing traditional wire cutoffs and offering programmable features for treasury workflows.
- Operating under existing banking regulations, JPM Coin is designed for institutional clients, enhancing JPMorgan's payments and treasury services rather than competing with public cryptocurrencies.
Topics: Banks bankingsystems, Blockchain usage, Payment system integration, 28 1 custody asset servicing, 6 4 private enterprise ledgers, 15 3 cross border settlement
Tags: #jpmcoin #jpmorganchase #onyxblockchain #tokenizeddollars #wholesalepayments #corporatetreasury #permissionedblockchain #realtimesettlement #institutionalclients #regulatedbanking
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