JPMorgan Migrates JPM Coin to Coinbase's Base for On-Chain Payments
JPMorgan moved its tokenized deposit token JPM Coin (JPMD) from Kinexys to Coinbase's Ethereum Layer-2 network Base on Dec. 18 for on-chain payments, collateral and margin settlement, CoinDesk reports. JPMD operates on a permissioned basis, restricted to whitelisted transfers, and can be used as collateral or margin payments in crypto trading.