JPMorgan Chase has filed a trademark application for 'JPMD' with the U.S. Patent Office, raising questions about a potential new stablecoin.
Details of the Trademark Application
On June 15, 2025, JPMorgan Chase officially filed its trademark application for 'JPMD' with the U.S. Patent Office. The application outlines services related to trading, exchange, transfer, and payment of digital assets on blockchains. While the term 'stablecoin' is not explicitly mentioned, experts suspect a potential dollar-linked token due to the nature of the listed services.
Strategy Based on Kinexys
This initiative aligns with JPMorgan's blockchain strategy, embodied by the Kinexys platform. Since its launch in 2020, this unit has processed over $2 billion in daily transaction volumes, establishing JPMorgan as one of the pioneers of distributed ledger technology among major U.S. financial institutions.
Adoption of Stablecoins in Traditional Financial Systems
JPMorgan's initiative is part of a broader trend of stablecoin adoption by traditional financial institutions. In 2024, stablecoins generated $27.6 trillion in transactions, surpassing the combined volumes of Visa and Mastercard. Today, over 161 million people globally hold stablecoins, illustrating the scale of this phenomenon. As demand for digital assets grows, JPMorgan's potential launch of 'JPMD' appears to be a logical step.
The filing of 'JPMD' by JPMorgan could have a significant impact on the stablecoin market and financial technologies, reinforcing the bank's position in a competitive digital asset landscape.
