International banking large JPMorgan Chase has filed a trademark utility for a brand new crypto-focused platform branded as JPMD, signaling that the financial institution is pushing deeper into digital belongings.
In keeping with the utility filed on Sunday to the U.S. Trademark and Patent Workplace, JPMD will provide providers reminiscent of “providing trading, exchange, transfer, and payment services for digital assets” and “issuance of digital assets.”
The financial institution’s strikes come as conventional monetary establishments take into account stablecoin issuance and asset managers challenge crypto funding merchandise and discover asset tokenization.
JPMorgan CEO Jamie Dimon, who has lengthy criticized cryptocurrencies, stated final month the financial institution will enable its shoppers to purchase bitcoin
. The financial institution just lately added BTC ETFs for mortgage collateral for patrons, and was additionally talked about among the many U.S. banks that reportedly held discussions about launching a stablecoin.
JPMorgan operates a personal blockchain funds community Kynexis that processes greater than $2 billion in each day transaction quantity.
