JPMorgan Files Trademark for Digital Asset Platform as Wall Street’s Crypto Embrace Continues

Global 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 property.

According to the utility filed on Sunday to the U.S. Trademark and Patent Office, JPMD will supply providers such as “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 problem 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 not too long ago added BTC ETFs for mortgage collateral for clients, 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.