Catenaa, Tuesday, June 17, 2025- JPMorgan Chase has filed a US trademark for a new blockchain-based asset called JPMD, triggering speculation of an impending stablecoin launch.
The application, dated Sunday, outlines a system for trading, transferring and settling digital assets, alongside services like brokerage and electronic payments using distributed ledger technology.
Though “stablecoin” is never mentioned, the filing’s language strongly suggests a move toward a blockchain-native financial product.
Observers link JPMD to JPMorgan’s rebranded Kinexys platform, which includes JPM Coin, a digital asset pegged to major fiat currencies, already processing $2 billion in daily transactions.
The bank has played a leading role in digital finance, from building Kinexys as a private Ethereum fork to creating its Tokenized Collateral Network, which allows real-world asset transfers in near real time. Its latest trademark appears to broaden that strategy.
Earlier reports indicated JPMorgan and other major US banks, including Bank of America and Citigroup, are exploring a joint stablecoin project. At the same time, companies like Walmart and Amazon are rumored to be considering their own tokens.
Despite CEO Jamie Dimon’s outspoken criticism of cryptocurrencies, JPMorgan has emerged as a major blockchain player.
Dimon himself admitted last year that his firm is “probably one of the bigger users of blockchain.”
Analysts said that the filing signals a fresh phase of institutional adoption amid a more favorable US regulatory climate, as the race to dominate stablecoin infrastructure accelerates among legacy banks and tech giants alike.
