JPMorgan Recordsdata Trademark for Digital Asset Platform as Wall Road’s Crypto Embrace Continues

International banking big JPMorgan Chase has filed a trademark utility for a brand new crypto-focused platform branded as JPMD, signaling that the financial institution is pushing deeper into digital belongings.

In accordance with the utility filed on Sunday to the U.S. Trademark and Patent Workplace, JPMD will supply providers corresponding to “offering buying and selling, alternate, switch, and fee providers for digital belongings” and “issuance of digital belongings.”

The financial institution’s strikes come as conventional monetary establishments take into account stablecoin issuance and asset managers problem crypto funding merchandise and discover asset tokenization.

JPMorgan CEO Jamie Dimon, who has lengthy criticized cryptocurrencies, mentioned final month the financial institution will permit its purchasers to purchase bitcoin

. The financial institution just lately added BTC ETFs for mortgage collateral for purchasers, and was additionally talked about among the many U.S. banks that reportedly held discussions about launching a stablecoin.

JPMorgan operates a personal blockchain funds community Kynexis that processes greater than $2 billion in day by day transaction quantity.