Alchemy backs Kinexys as JPM Coin expands to Ethereum

October 19, 2026

Alchemy says it supports Kinexys by J.P. Morgan as JPM Coin (JPMD) — the bank's USD deposit token — expands to the Ethereum mainnet, giving institutional clients onchain cash on a second public blockchain. Alchemy framed the move as another signal that public blockchain rails are becoming institutional financial infrastructure, alongside earlier JPMorgan tokens MONY and JLTXX.

JPMD first launched on Base in November 2025; access remains limited to vetted institutional counterparties via Kinexys, J.P. Morgan's blockchain unit
Alchemy says it supports Kinexys as it brings tokenized deposits onchain

Sources

💪 First MONY and JLTXX, now JPMD, @jpmorgan is leading the industry. JPM Coin moving to @ethereum s another signal that public blockchain rails are becoming institutional financial infrastructure. Proud to support J.P. Morgan's Kinexys as it brings tokenized deposits https://t.co/xbaTdIj3FDx.com ↗

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Alchemy backs Kinexys as JPM Coin expands to Ethereum — Outposts