Base
JPMD is the USD deposit token from Kinexys by J.P. Morgan: a claim on a JPMorgan bank deposit, issued on Base and transferable between vetted institutional counterparties. It is the first time the largest bank in the United States has put commercial bank money on a public chain, settling with full traceability rather than inside a private ledger. Access is restricted to institutions approved by J.P. Morgan; the token contract is published by the bank and Prism verified it directly on Base.
A JPMorgan bank deposit as a token on a public blockchain.
Prism analyst note
The most institutionally significant token on any public chain: actual commercial bank money from the largest US bank, on Base, with the bank as regulated counterparty. The public-tranche supply is pilot-sized and access is closed to institutions, so this is a listing about where the world is going rather than something to trade today. When bank deposit tokens and tokenized funds interoperate, venues that already speak permissioned rails are where they will do it.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- US dollar deposits at JPMorgan Chase; one JPMD is one dollar of deposit claim
- Legal structure
- Deposit token: a claim on a JPMorgan Chase bank deposit, issued by Kinexys
- Jurisdiction
- United States
- Custodian
- JPMorgan Chase Bank, N.A. (the deposit itself)
- Administrator
- Kinexys by J.P. Morgan
- Reserve information
- Backing is a bank deposit at JPMorgan Chase, not a reserve portfolio: the token is the bank's liability, regulated as such. Prism verified the contract and supply on Base against the address the bank itself publishes.
- Transfer restrictions
- Institutional only: J.P. Morgan approves every counterparty, and transfers settle between vetted wallets. Listed by Prism as verified data and a signpost, not a tradable route.
- Investor eligibility
- Institutions
- KYC required
- Yes
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers.
Documents & disclosures
Frequently asked
Can I hold JPMD?+
Only if you are an institution approved by J.P. Morgan. Prism lists it with on-chain verified supply because a bank deposit on a public chain is a milestone worth tracking honestly, not because there is a retail route.
