JPMorgan Chase has filed a new trademark application for "JPMD," signaling its intent to expand deeper into blockchain-based financial services.
While the filing doesn’t directly mention a stablecoin, it outlines a wide range of digital asset capabilities—including payments, trading, transfers, asset issuance, and debt settlement—built on distributed ledger technology.
This move builds on JPMorgan’s ongoing blockchain efforts, particularly through its Kinexys platform (formerly Onyx), which powers the JPM Coin.
That system, pegged to major fiat currencies, has already processed over $1.5 trillion in transactions and averages $2 billion daily.
The bank has also been active in asset tokenization through its Tokenized Collateral Network, which enables near-instant collateral transfers.
Despite CEO Jamie Dimon’s past criticism of crypto, JPMorgan remains one of the most active banks in blockchain innovation.
The filing comes amid renewed interest in stablecoins from major institutions like Bank of America and tech giants such as Amazon and Walmart, as U.S. regulators gradually warm up to the sector.
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