The American bank giant JPMorgan has announced the pilot of a USD deposit token permission called JPMD at the base, the Ethereum Layer 2 network built by the Exchange Coinbase (Coin) list.
Earlier this week, the Bank submitted a registered brand application for a cryptographic -centered platform called JPMD, designed to offer services such as negotiation, exchange, transfer and payment services for digital assets, as well as the issuance of digital assets.
The Institution -centered JPMD, an alternative to Stablecoins for bank customers, marks the first deployment of the JPMorgan Ledger Ledger Technology Study in a public block chain, according to a press release.
Banks and other business players are crowded in the Stablecoin space before the rules that soon to the earth around the dollar tokens in the United States JPMorgan attracted a lot of attention for their so -called JPM currencies, a file to solve the stretch of exchanges operations in their private blockchain, then called on the digital seats of ONX.
“We are delighted to see that one of the most prominent banks in the world comes to the chain,” said Jesse Pollak, creator of the engineering base and VP in Coinbase. “Base offers a sub-second, Subcent and 24/7 settlement, which makes funds transfers among the institutional clients of JP Morgan almost instantaneous. Coinbase is a proud institutional client of JP Morgan, and this pilot combines the credibility of JP Morgan and base to help bring institutional money to a more global economy.”
