#JPMorgan Files JPMD Trademark Covering #Crypto Payment Services


JPMorgan Chase has filed a new trademark application for "JPMD" covering digital asset trading and payment processing services.


The filing outlines crypto-related services including exchange operations, transfer capabilities, and clearing processes.


Industry observers speculate that the move signals potential stablecoin development, following reports by The Wall Street Journal about joint bank initiatives.


The trademark application comes as major banks, including Bank of America and Wells Fargo, explore collaborative #stablecoin ventures.


JPMorgan already operates the Kinexys platform, which has processed over $1.5 trillion in blockchain-based interbank payments using JPM Coin.


The bank's private stablecoin maintains 1:1 pegs to the USD, British pound, and euro for institutional clients.


CEO Jamie Dimon remains critical of $BTC while supporting blockchain technology for financial infrastructure applications.


The U.S. Senate advanced the GENIUS Act stablecoin legislation in a 68-30 vote, setting up potential regulatory clarity.

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June 17, 2025 at 11:03 AM
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