Key dealers
- JPMorgan Chase has submitted a brand application for ‘JPMD’, which possibly indicates new digital asset services.
- The application suggests features such as EMission Digital Currency and Real-Time Digital Token Trading.
JPMorgan Chase makes fresh features in the digital asset space with a recently submitted brand for “JPMD”, according to June 15 submission to US Patent and Trademark Office (USPTO).
The application, which is submitted by JPMorgan Chase Bank, NA, covers a wide range of digital access and blockchain-related services, including the issuance of digital currency, electronic payment processing and financial custody services, and it can signal the bank’s next development in StableCoin offers.
This is not JPMorgan’s First Foray in blockchain-based financing. The bank already runs JPM coins, a dollar supported Stablecoin used to facilitate immediate payments between institutional customers. Token works on Quorum Blockchain, a private blockchain network developed by JPMorgan based on Ethereum technology.
The move comes when JPMorgan Chase and other US bank giants are reportedly Given a collaboration StableCoin project through their joint -owned units, early warning services and the clearing house. The initiative aims to compete with the rapid growth of digital asset platforms.
The project’s progress depends on the acceptance of legislation and the market’s demand, affected by ongoing legislative developments such as Genius ACT, which is on its way to a final vote this week.
