JPMorgan Bets Big: JPM Coin Deposit Token Pilot Launches on Base Blockchain

Wall Street meets Web3 as JPMorgan quietly flips the switch on its blockchain ambitions.

The banking giant is piloting its JPM Coin deposit token on Base—Coinbase''s Ethereum L2—marking its most aggressive move yet into decentralized finance. No press releases, no fanfare—just a quiet power play that could redefine institutional crypto adoption.

Why it matters: When the world''s most systemically important bank starts testing real-world asset tokenization, the ''blockchain not crypto'' crowd might need new talking points.

The fine print: This isn''t JPMorgan''s first blockchain rodeo (remember Onyx?), but it''s the first time they''re leveraging an existing DeFi ecosystem rather than building walled gardens. Progress? Maybe. Strategic positioning? Definitely.

Bottom line: Traditional finance keeps dipping toes in crypto waters while pretending they''re not getting wet. Meanwhile, the rest of us are already swimming—and laughing at the ''volatility concerns'' from institutions that caused the 2008 crisis.