[Crypto World] Recently, JPMorgan Chase listed its tokenized deposit product JPMD on a major public blockchain. This is quite interesting — the gap between traditional finance and the on-chain world is narrowing. In simple terms, they have launched an on-chain interest-bearing certificate backed by real bank funds, which is entirely different in functionality from ordinary stablecoins. Currently, it is open to whitelist institutional clients, mainly for two purposes: as collateral for crypto trading or as a margin deposit. JPMorgan’s leadership has repeatedly emphasized the importance of risk management and orderly progress, while positioning public blockchains as the infrastructure for future innovation. This move somewhat reflects that traditional finance recognizes the client demand for on-chain deposit products.
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RektDetective
· 12-21 09:23
Ha, JPMorgan finally can't sit still, the Allowlist institutions thing, this really is "for the people", hilarious.
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NightAirdropper
· 12-18 13:03
Whitelist institutions only, same old story... regular retail investors still have to continue being filtered.
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GasFeeCrier
· 12-18 10:10
JPMorgan really is here, and this time it's serious. Only whitelisted institutions can participate. To be honest, they're still worried about retail investors messing things up, haha.
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MelonField
· 12-18 10:07
Old Mo finally couldn't hold back anymore. Is this really serious this time, or is it just another attempt to harvest the leeks?
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LootboxPhobia
· 12-18 10:01
Whitelist institutions? Something doesn't feel right about this; it's still the same old tricks.
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gas_fee_therapist
· 12-18 09:57
It's that old fox, Morgan Stanley again. Only whitelisted institutions can play; retail investors, let's just watch the show.
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LiquidityNinja
· 12-18 09:56
Another major institution is entering, but is this whitelist system really "decentralized" enough?
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IronHeadMiner
· 12-18 09:41
Wait a minute, does Morgan Stanley really dare to put real bank gold on the chain? This courage is truly remarkable.
JPM Coin by Morgan Stanley launches on the public chain, further advancing on-chain exploration in traditional finance
[Crypto World] Recently, JPMorgan Chase listed its tokenized deposit product JPMD on a major public blockchain. This is quite interesting — the gap between traditional finance and the on-chain world is narrowing. In simple terms, they have launched an on-chain interest-bearing certificate backed by real bank funds, which is entirely different in functionality from ordinary stablecoins. Currently, it is open to whitelist institutional clients, mainly for two purposes: as collateral for crypto trading or as a margin deposit. JPMorgan’s leadership has repeatedly emphasized the importance of risk management and orderly progress, while positioning public blockchains as the infrastructure for future innovation. This move somewhat reflects that traditional finance recognizes the client demand for on-chain deposit products.