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JPMorgan Files ‘JPMD’ Trademark, Hints at Bigger Crypto Offering - Unchained
Wall Street banking giant JPMorgan Chase has filed a trademark application for a digital asset platform named JPMD, signaling a potential expansion of JPMorgan’s digital asset ambitions.
The application, submitted to the U.S. Patent and Trademark Office, outlines a broad suite of offerings including digital asset trading, exchange, transfer, payment processing, and the issuance of digital assets.
This story is an excerpt from the Unchained Daily newsletter.
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While the term “stablecoin” is not explicitly mentioned in the filing, it comes after reports that JPMorgan, along with other major U.S. banks such as Bank of America and Wells Fargo, are considering launching a joint stablecoin.
JPMorgan already operates a private blockchain payments network, Kinexys (the recently rebranded version of JPMorgan’s Onyx network), which uses the JPM Coin stablecoin for institutional transactions.