JPMorgan Deploys JPM Coin on Base Blockchain, Transfers Limited to Whitelisted Users According to CoinDesk, JPMorgan has deployed its digital deposit token, JPM Coin, on Coinbase's Base blockchain, marking the Wall Street giant's first large-scale integration into the public blockchain ecosystem. JPM Coin is different from stablecoins, as it represents a digital mapping of bank deposits that earn interest and is only transferable between whitelisted users. This move addresses institutional clients' demand for using bank deposit products on-chain, currently mainly for collateral and margin payments in crypto trading. JPM emphasizes that its deployment method includes full permission control and risk isolation, reflecting how traditional finance is moving closer to DeFi.