JPMorgan introduced its first tokenized money-market fund on Ethereum in December 2025, followed by a second fund deployment in May 2026

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JPM Coin represents US dollar deposits held at JPMorgan, enabling institutional clients to execute peer-to-peer payments and transfers 24/7 in seconds

Access to JPM Coin on Ethereum remains restricted to approved institutional clients and counterparties, with JPMorgan controlling banking relationships and participation requirements

JPMorgan Chase announced on October 19, 2026, that it is expanding its US dollar deposit token, JPM Coin (JPMD), to the Ethereum public blockchain for eligible institutional clients

JPMorgan's tokenized money market fund offerings on Ethereum include funds designated as MONY and JLTXX, which represent fund shares rather than direct bank deposits

JPMorgan selected Ethereum for JPM Coin's expansion, announced on October 19, 2026, due to its established onchain liquidity, tokenized asset ecosystem, and existing use among institutional clients

In January 2026, JPMorgan announced plans to deploy JPM Coin natively on the Canton Network as part of its strategy to explore multiple blockchain environments

According to Emma Landriault of Kinexys Labs, JPM Coin enables crypto companies to make blockchain payments and allows financial firms to settle trades or back tokenized assets

JPMorgan first launched its JPM Coin deposit token on public blockchains in November 2025 on Base, an Ethereum layer-2 network built by Coinbase

In the United States, JPMorgan, Citi, Bank of America, and Wells Fargo, alongside over a dozen other banks, plan to establish a shared network for tokenized deposits

Achieving 150-millisecond finality on Solana is intended to accelerate settlement for payment providers, trading platforms, stablecoins, and tokenized assets.

Mizuho Bank and SMBC's investment arm executed agreements with Ripple Labs to deploy real-world asset tokenization and institutional DeFi solutions on the XRP Ledger.

The Depository Trust & Clearing Corporation selected a private environment based on Hyperledger Besu, operating under the ERC-20 standard, to run alongside the Canton Network for the initial rollout of its Tokenization Service

Converting traditional securities into tokens via user interface or API through DTCC's Tokenization Service can be submitted between 2:00 a.m. and 6:00 p.m. Eastern Time on business days, with a target processing time of 15 minutes or less

DTCC said the Depository Trust & Clearing Corporation's Tokenization Service will launch with an initial selection of 25 liquid instruments, including U.S. Treasuries, major ETFs, and Russell 1000 stocks

The Depository Trust Company remains the official owner of the registry for DTCC's Tokenization Service and maintains legal custody, ensuring investors retain all legal rights and protections associated with underlying securities

The Depository Trust & Clearing Corporation selected the Canton Network, operating under the CIP-56 standard, as one of two closed platforms for the initial rollout of its Tokenization Service

The Depository Trust & Clearing Corporation chose isolated private network architectures for Hyperledger Besu and Canton Network in its Tokenization Service because institutional capital is not ready to take risks on open ledgers

Registered participants in DTCC's Tokenization Service can transfer tokenized securities between eligible wallets 24 hours a day, though initial transfers will be limited to wallets on the same blockchain

The Depository Trust & Clearing Corporation plans to launch commercial access to its Tokenization Service at the end of October 2026, making approximately $30 trillion in securities held at its Depository Trust Company subsidiary eligible for tokenization.

The Depository Trust & Clearing Corporation plans to integrate public blockchain networks Stellar and Circle's Arc into its Tokenization Service in 2027.