JPMorgan brings JPM Coin dollar-deposit token to Ethereum

JPMorgan will make JPM Coin — its token representing U.S. dollar deposits at the bank — available to institutional clients on the Ethereum network, the bank said Monday, per Bloomberg. The move extends JPM Coin beyond its existing blockchain footprint to a public network as the lender looks to offer the token to a wider set of institutional clients.

No launch date or technical details were disclosed in the initial report.