JPMorgan Expands JPM Coin to Coinbase’s Base Network, Creating a New Bridge Between Traditional Finance and DeFi

JPMorgan is taking a major step forward in blending modern blockchain technology with the traditional financial system. The bank has expanded its digital currency, JPM Coin, to Coinbase’s Base network, an advanced layer-2 blockchain built on Ethereum. This development, is designed to help large institutions move money more efficiently by using programmable digital transactions.

For businesses exploring digital payments, automated workflows, or blockchain-powered treasury management, this move offers new possibilities that combine the reliability of a global bank with the innovation of decentralized finance.

Naveen Mallela, Global Co-Head of Kinexys by JPMorgan, said,

“We’re moving the industry forward in transacting on public blockchains, beginning with Base, the Ethereum Layer 2 public blockchain built within Coinbase.”

After completing a successful test, J.P. Morgan has made its digital deposit token, called JPM Coin (JPMD), available for institutional clients on Base, an Ethereum Layer 2 network created within Coinbase. The token’s ticker, JPMD, stays the same and represents U.S. dollar deposits on a public blockchain. JPM Coin lets big clients make digital payments directly on the blockchain. It works like a digital version of money held in a bank account. This helps both crypto-focused companies and traditional businesses move money faster and more easily using blockchain technology.

During the testing phase, companies like B2C2, Coinbase, and Mastercard successfully created and redeemed JPMD almost instantly on Base. J.P. Morgan’s platform, Kinexys, began testing the USD deposit token in June 2025. Raj Dhamodharan from Mastercard said that bringing JPM Coin into the Mastercard Token Network is a major milestone. He explained that Mastercard wants to build an open and connected system for digital assets and bank deposits. This integration will give customers safer and simpler access to on-chain payments, supported by Mastercard’s strong focus on security and compliance.

How JPM Coin on Base Improves Efficiency

Below is a simple table to show the practical benefits of this integration:

Feature	What It Means	Benefit
Faster Settlement	Near-instant transfers on Base	Greatly reduces wait times compared to legacy networks
Lower Fees	Sub-cent transaction costs	Saves money for institutions sending frequent payments
Programmability	Smart contract compatibility	Automates workflows like payroll, invoicing, or FX hedging
Regulatory Fit	Fully backed under GENIUS-aligned rules	Provides confidence for institutional adoption

The expansion of JPM Coin aligns well with the regulatory progress made under the GENIUS Act in the United States. This legislation clarified how stablecoins should be issued and supervised, especially when backed by real assets such as cash or treasuries. Because JPM Coin is fully backed and regularly audited, it falls into a category that avoids complex securities rules. JPMorgan’s Step Toward the Future of Payments

This regulatory clarity has encouraged more institutions to explore blockchain-based payments. It reduces compliance uncertainty and gives banks confidence that their digital currency initiatives are grounded in legal guidelines. Combined with increasing acceptance of audited blockchain networks like Base, JPMorgan now has a clear path to expand its digital money services safely and responsibly.

JPMorgan’s Step Toward the Future of Payments

JPMorgan’s decision to bring JPM Coin to Coinbase’s Base network is more than just a tech update it shows how traditional banks and blockchain technology are starting to work closely together. This change gives businesses the benefit of faster and cheaper payments, gives developers new tools to build financial apps, and helps large institutions explore the growing world of digital, programmable money.

As more banks and companies follow this direction, programmable payments could become as normal as using online banking today. JPM Coin on Base is an early but important step toward that future, where trusted banking systems and modern blockchain innovation work together smoothly.