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JPMD Trademark- JPMorgan Moves Deeper Into Crypto With JPMD Application
JPMD Trademark– JPMorgan Chase has taken a significant step toward expanding its blockchain ambitions by filing a new trademark application for “JPMD” in the United States. The filing, submitted to the U.S. Patent and Trademark Office, covers a broad spectrum of crypto-related services—including digital asset trading, exchange, transfer, clearing, and payment processing.
A Stablecoin May Be on the Horizon
While the trademark filing does not explicitly mention the term “stablecoin,” the scope of services outlined strongly hints at deeper involvement in blockchain-based financial infrastructure. Supporting this theory, a recent Wall Street Journal report from May 22 revealed that JPMorgan, along with Bank of America and Wells Fargo, is considering launching a joint stablecoin project. According to the report, these banks view stablecoins as tools to improve the speed and efficiency of domestic and cross-border payments, potentially challenging existing crypto-native stablecoin issuers.
JPMorgan Already Has Blockchain Experience
Despite CEO Jamie Dimon’s known skepticism toward Bitcoin, JPMorgan has actively embraced blockchain for institutional use. Its blockchain-based payments platform, Kinexy (formerly Onyx), has already processed over $1.5 trillion in interbank transfers using JPM Coin—a private stablecoin pegged to the US dollar, British pound, or euro.
U.S. Lawmakers Move Toward Stablecoin Regulation
The timing of JPMorgan’s trademark move coincides with growing legislative momentum in the U.S. The Senate recently advanced the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) with a 68-30 vote, allowing it to move to the floor for full debate. If passed by both chambers, the bill would then go to President Donald Trump for final approval.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
