AD International JPM Coin: Institutional Digital Deposits, Explained
A digital US dollar bank deposit token issued by JPMorgan Chase for instant settlement between vetted institutional clients: not a new form of money, but a faster, programmable way of moving money that already exists.
Read the full briefing (PDF) →
JPM Coin at a glance
Not a public cryptocurrency
| JPM Coin | Bitcoin | Public stablecoins (e.g. USDT) | |
|---|---|---|---|
| Issuer | JPMorgan Chase (regulated bank) | No central issuer | Private company |
| Access | Vetted institutions only | Open to anyone | Open to anyone |
| Trading | Not publicly traded | Traded on open exchanges | Traded on open exchanges |
| Backing | Direct bank liability, 1:1 USD | No backing asset | Reserve-claimed, third-party audited |
Six sections, ten pages
- 01
What JPM Coin is
A digital dollar deposit token for institutions: a tokenized bank deposit, your dollars on a faster rail.
- 02
Not a public cryptocurrency
How it differs from Bitcoin and public stablecoins in issuer, access, trading and backing.
- 03
Backing and liability
Every token is pegged 1:1 to a US dollar and recorded on JPMorgan's own balance sheet; its value does not float.
- 04
Infrastructure
The Kinexys platform and the Base Layer-2 network: always-on rails with no market close or batch cut-off.
- 05
Purpose and risk mitigation
Settlement in seconds, 24/7/365, removing the lag between execution and settlement and reducing counterparty risk.
- 06
Access and compliance
A closed network: institutional participants only, cleared through KYC verification and ongoing AML screening.
What to remember
A tokenized bank deposit
Not a public cryptocurrency: pegged 1:1 to real US dollars.
Built for speed
Institutional settlement in seconds, 24/7/365.
Lower risk in large transactions
Reduces settlement delay and counterparty risk.
Restricted access
Only KYC/AML-vetted institutional participants.
An educational briefing for information only; it is not investment or legal advice.