JPMorgan is exploring new opportunities in the digital asset space, filing a trademark application that has reignited speculation about a potential bank-backed stablecoin.
The application, submitted on June 15, seeks protection for the name “JPMD” and outlines a wide scope of blockchain and digital currency functions, suggesting a broader strategy to expand the bank’s role in crypto payments and asset settlement.
The US Patent and Trademark Office filing lists dozens of services tied to digital currency. These include payment processing, token issuance, currency trading, digital custody, and electronic fund transfers, all powered by blockchain and distributed ledger technology.
While the word “stablecoin” is not explicitly mentioned, the filing’s language hints at a platform that could support one.
Filing Echoes Key Features Needed for a Scalable Stablecoin
The timing of the move has drawn attention. Just weeks earlier, Wall Street Journal reported that JPMorgan, Bank of America and Wells Fargo were exploring the launch of a joint stablecoin venture. Sources told the outlet that the goal was to compete with crypto-native stablecoins and streamline both domestic and cross-border payments.
This latest trademark filing adds weight to those reports. In particular, JPMorgan’s description of providing real-time digital token trading, electronic transfers, and clearing via distributed ledger technology mirrors many of the technical functions required to operate a stablecoin at scale.
Analysts believe the bank could be laying the legal and operational groundwork for such a product.
JPMorgan Moves Ahead As Congress Debates Stablecoin Rules
JPMorgan is no stranger to blockchain. Its Kinexys platform, previously known as Onyx, has already processed more than US$1.5 trillion in interbank payments using JPM Coin, a private stablecoin backed 1:1 by fiat currency. JPM Coin is currently limited to institutional clients, but the new filing suggests the bank may be preparing for a broader, possibly retail-facing, rollout.
The move also comes just as lawmakers in Washington begin debating new rules around stablecoins. The US Senate recently voted to advance the GENIUS Act, a bipartisan bill that could establish a regulatory framework for dollar-backed digital tokens. If passed by both chambers of Congress, the legislation would head to President Trump’s desk later this year.
Whether “JPMD” will emerge as a publicly available token or simply expand JPMorgan’s institutional capabilities remains unclear.
But with the financial sector rapidly converging on blockchain infrastructure, the trademark marks yet another step by a Wall Street heavyweight toward a more digital future.
The post JPMorgan Files New Crypto Trademark — Is a Bank-Backed Stablecoin Coming? appeared first on Cryptonews.
