The American banking corporation JPMorgan Chase has applied to the US Patent and Trademark Bureau (USPTO) for registering a trademark for a new asset called JPMD based on blockchain.

The application describes the large -scale platform of digital assets and services related to trading, transfers, brokerage services, clearing and electronic payments based on blockchain. At the same time, the term “stablecoin” is not mentioned in the application of JPMorgan. Despite the fact that Japmorgan General Jamie Dimon is skeptical of bitcoin and other cryptocurrencies, he admitted that the bank may be one of the largest blockchain users in the world.

JPMorgan expands its digital assets infrastructure using the Kinexys platform, previously known as ONYX. It supports the JPM Coin blockchain system for interbank settlements in US dollars, euros and pounds. This platform has already processed transactions worth more than $ 1.5 trillion, and on average $ 2 billion passes through it daily.

JPM Coin is designed to conduct almost instantal calculations for large legal companies. The JPMD trademark may indicate that JPMorgan is preparing to launch a wider product oriented on external partners or retail users, but the bank did not provide clarifications.

The bank applied to the USPTO after American regulators softened their position regarding the stablecoins issued by banks. Several large banks, including Bank of America, Citi and Wells Fargo, have already begun to discuss the creation of a consortium for launching a single stablecoin. The largest corporations Walmart and Amazon are also studying the possibility of launching stablecoins to simplify e -commerce.