JPMorgan, JPM, has reportedly trademarked a stablecoin called ‘JPMD’

JPMorgan Chase, one of the world’s largest banking institutions, has submitted a trademark application for a new cryptocurrency-focused platform named JPMD—an indication that the firm is further expanding into the digital asset space.

The application, filed Sunday with the U.S. Patent and Trademark Office, outlines that JPMD will provide a range of services, including "trading, exchanging, transferring, and payment processing for digital assets," as well as the "issuance of digital assets."

This development comes as more traditional financial players explore the digital asset ecosystem—ranging from stablecoin initiatives to launching tokenized investment products.

Despite long-standing skepticism toward crypto, JPMorgan CEO Jamie Dimon stated last month that the bank will allow clients to purchase bitcoin. JPMorgan has also begun accepting BTC exchange-traded funds as collateral for loans and was reportedly among the U.S. banks exploring the creation of a stablecoin.

Additionally, the bank operates Kynexis, a proprietary blockchain payments network that handles over $2 billion in transactions daily.

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.