As of June 15, 2025, JPMorgan Chase has filed a trademark for "JPMD", indicating potential plans for a new stablecoin. This move may significantly impact the digital asset market.
Kinexy Division and Its Projects
The trademark "JPMD" is filed under JPMorgan Chase, and its development will be managed by the Kinexy division. This division has previously worked on products like JPM Coin designed for institutional transactions.
Impact on the Stablecoin Market
JPMorgan's new initiative could affect existing stablecoins such as Tether and Circle, increasing competition and potentially fostering greater adoption of digital currencies in the financial sector.
Future of Digital Assets at JPMorgan Chase
Despite JPMorgan CEO Jamie Dimon's criticism of Bitcoin, the bank is exploring the use of blockchain technologies and digital assets. Currently, no on-chain activity related to "JPMD" has been observed.
JPMorgan Chase's move towards the launch of the stablecoin "JPMD" highlights the growing interest of traditional financial institutions in digital assets. The potential implications of this decision, including changes in market rules and conditions, remain a focus of anticipation and analysis.
