Zero Supply on JPMD's Ethereum Contract JPMorgan's deposit token has been live on Ethereum ($ETH) since Oct. 19, and the contract data so far reads a flat zero. As of Oct. 22, the Ethereum
- JPMorgan's JPM Coin (JPMD) shows zero supply and transfers on its new Ethereum contract four days after launch, indicating a slow initial adoption or a specific operational model.
- Concurrently, J.P. Morgan Asset Management's JLTXX, a tokenized money market fund, experienced $400 million in redemptions on Ethereum while its Solana deployment grew to $450 million.
- These observations highlight the current state of institutional adoption on Ethereum, with allowlisted deployments starting slowly and Solana showing faster growth for certain fund flows.
Topics: Asset types, Infrastructure providers, Integration with defi, Stablecoins digital cash, Major financial incumbents, Rwa collateral lending
Tags: #jpmcoin #jpmd #ethereum #jpmorgan #tokenizeddeposits #sentora #jltxx #moneymarketfund #solana #institutionalclients
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