Jamie Diamon called the project part of the Bank’s Strategy on the integration of blockchain technologies into financial services. According to the general director, the bank can no longer remain aloof from the growing digital assets market, which by mid -2025 reached $ 263 billion capitalization.
The JPMD token will work on the BASE blockchain created by Coinbase based on the Ethereum. The coin is designed to simplify the calculations and transfers of customer-lords.
Jeremy Barnum, financial director of JPMorgan (Jeremy Barnum) assured that “a credit institution seeks not only to master the technology, but also to become one of the leaders.”
Barnum called the main advantage of JPMD the close integration of token with traditional banking systems and technologies. This is distinguished by a token from universal stablecoins like a USDT or USDC, said the phndicator. The token is designed to accelerate and reduce the cost of OTC B2B transactions of JPMorgan customers, which have 74% of all payments now falls on stablecoins.
JPMorgan Global Markets Nikolaos Panigirtzoglou said that since January, the capitalization of the stabilcoins market has increased on average by 0.45%. Upon maintaining such growth rates, the stablecoin market can reach $ 500 billion by 2028, the expert suggested.
Source: Bits
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