Implementation and pilot rollout

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JPMD introduces a new paradigm of secure and sustainable onchain payments backed by commercial bank infrastructure.
JPMorgan’s JPMD pilot program, announced on June 17, 2025, is expected to begin within days of the announcement.
JPMorgan’s JPMD will be piloted for several months with initial access limited to Coinbase’s institutional clients.
JPMorgan’s Kinexys project is the bank’s blockchain division, and JPMD marks its first deployment on a public blockchain.
Naveen Mallela, Global Co-Head of JPMorgan's Kinexys, stated JPMD will enable onchain asset settlement and bussiness-to-bussiness transactions.
Jesse Pollak, Creator of Base and VP of Engineering at Coinbase, praised JPMD as a milestone in onchain institutional finance.

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J.P. Morgan to launch JPMD on Base

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