JPMorgan breaks new ground with JPMD deposit token launch 🏦🪙; Coinbase's tokenized equity gambit: a strategic inflection point for financial markets 📈💸
FinTech is Eating the World, 18 June
Hey Everyone,
Good morning & happy Wednesday! Today’s issue is all about tokens & the future of finance, as we’re looking into banking giant JPMorgan piloting JPMD deposit token (why it could be huge & what to expect next + bonus dives into JPMorgan & the ultimate list of stablecoin resources), and crypto heavyweight Coinbase that wants to transform financial markets with tokenized stock trading (why it matters & why it’s potentially a watershed moment for finance + bonus deep dives into Coinbase & its biggest competitors). So let’s jump straight into the future-defining stuff 🌶️
JPMorgan breaks new ground with JPMD deposit token launch 🏦🪙
The news 🗞️ Banking giant JPMorgan Chase JPM 0.00%↑ is making a landmark move into public blockchain infrastructure with the launch of JPMD, a deposit token representing a significant evolution in how traditional banks approach digital assets.
The world's largest bank plans to pilot this token on Coinbase's COIN 0.00%↑ Base network, marking the first time a major commercial bank has deployed deposit-based products on a public blockchain. Let that sink in 🚰
Let’s take a closer look at this, understand why it could be huge, and what’s next.