Wall Street’s largest bank has quietly submitted a trademark request for “JPMD” — does this signal JPMorgan Chase‘s entry into the stablecoin market? It’s very highly likely.
The June 15 filing lists services including “trading, exchange, transfer, and payment services for digital assets,” according to US Patent and Trademark Office records. Although they have yet to issue a formal statement about the application.
The timing coincides with anticipated congressional action this week on the GENIUS Act, landmark legislation that would create federal oversight standards for stablecoins, or cryptocurrencies tied to government-backed currencies.
JPMorgan announced its institutional-focused JPM Coin in early 2019, formally launching the service in late 2020. The platform now handles roughly $1 billion in daily transaction volume, with activity increasing dramatically since programmable features were introduced in 2024.
Despite CEO Jamie Dimon’s well-documented skepticism toward cryptocurrencies, the bank began allowing clients to purchase bitcoin in May. Dimon has compared his stance to defending smokers’ rights while personally opposing the habit.
The Wall Street Journal reported in May that JPMorgan has engaged in talks with Citigroup, Wells Fargo and Bank of America regarding a collaborative stablecoin venture.
The development reflects growing corporate interest in digital currencies, with technology giants Meta and Apple alongside asset manager Fidelity each exploring similar initiatives.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
