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JPMorgan’s JPMD Token Launches on Coinbase-Backed Base—Wall Street Meets DeFi
JPMorgan’s JPMD Token Launches on Coinbase-Backed Base—Wall Street Meets DeFi
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JPMorgan just planted its flag in crypto’s wild west. The banking giant’s JPMD token is now live on Base—Coinbase’s Ethereum L2 that’s eating Wall Street’s lunch.
Why it matters: When Jamie Dimon’s empire embraces blockchain rails, even the Bitcoin maxis pause mid-tweet. This isn’t your anarchist cousin’s shitcoin—it’s the vanguard of TradFi’s reluctant but inevitable crypto pivot.
The subtext: Watch how fast JPMorgan’s ‘blockchain bad’ rhetoric vanishes when there’s a 0.5bps efficiency gain to capture. The real innovation? Banks finally admitting they need crypto more than crypto needs banks.
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