JPMorgan's USD deposit token JPMD has expanded from Base to Ethereum mainnet, providing institutional clients with native onchain cash alongside the assets, collateral and counterparties they already transact with on the network. The move adds a cash leg to J.P. Morgan's existing Ethereum-based products: tokenized money market funds MONY and JLTXX are already live on the network. The announcement references a Bloomberg article for further details. The post characterizes Ethereum as the home of onchain finance.

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31 accounts

first post
Leviathan +1.7 h later

JPM reaction
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−0.8% 24h after post

$342.13 → $339.39
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+0.1% 24h after post

$2,431 → $2,432
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Thread · 1 event
  1. First reportJPMorgan expands JPM Coin to Ethereum for institutional transfers31 acc.
  2. Leviathan published this article

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Cited posts

  • @cryptounfolded unfolded.First reportOn X ↗

    JPMorgan brings deposit token JPM coin to Ethereum for institutional clients

  • @solidintel_x Solid Intel 📡On X ↗

    INTEL: JPMorgan expands JPM Coin to Ethereum, enabling institutional clients to transfer US dollar deposits in seconds around the clock

  • @strato_net STRATO | DeFi Powered by Precious Metal…On X ↗

    NEW: JPMorgan expands JPM Coin to Ethereum JPMorgan is expanding its dollar-denominated deposit token, JPM Coin (JPMD), to the Ethereum network. The token represents real bank deposits, enabling institutional clients to transfer and settle funds around the clock. The move…

Show 3 more cited posts
  • @TheBlockCo The BlockOn X ↗

    THE BLOCK: JPMorgan has brought its USD-denominated deposit token JPM Coin $JPMD to Ethereum for institutional clients. Kinexys by JPMorgan told The Block that Ethereum's "established depth of onchain liquidity and tokenized assets" makes it a natural next public blockchain for…

  • @BMNRBullz BMNR BullzOn X ↗

    JPMORGAN IS BRINGING ITS BANK DEPOSIT TOKEN TO ETHEREUM MAINNET JPM Coin (JPMD) is reportedly expanding beyond Base to Ethereum L1. JPMorgan already has two tokenized money market funds on Ethereum, MONY and JLTXX. Now its institutional deposit token could join them. That…

  • @Crypto__Goku Goku 🗞On X ↗

    🚨 JPMorgan va proposer son JPM Coin à ses clients institutionnels directement sur Ethereum. Ce token, représentant des dépôts en dollars détenus auprès de la banque, permettra d'effectuer des paiements 24 heures sur 24, avec un règlement en quelques secondes. Initialement…

25 more accounts posted about this · 4 Telegram channels (no public link)

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Positioning · JPM

Open24 open positions · 18 long · 6 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 13 Oct 13:50 UTC.

Whole equity market, not this story

Crowding0th percentile · vs last 28 days, 50 typical
Pulse 24h29/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book93.9% long · 2,961 accounts

As of 19 Oct 08:55 UTC.

Social-monitoring data, not investment advice Elfa prices CoinGecko post text from Xas of

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