The RWA wave sweeps Wall Street! JPMorgan's deposit token lands on Ethereum, competing for the on-chain financial settlement gateway.

Zhitong Finance APP has learned that the asset tokenization trajectory of Wall Street's major commercial banks is advancing from "moving securities onto the chain" to enabling assets, payments, and collateral financing to operate collaboratively on-chain. On October 19, JPMorgan announced that it will expand its U.S. dollar deposit token JPM Coin to Ethereum, one of the largest cryptocurrency network infrastructures by market capitalization, continuing its 2025 deployment on the Base network and providing institutional clients with round-the-clock, near-real-time fund transfer capabilities. The core value of this development lies in the fact thatas Treasury bonds, funds, and other securities increasingly circulate in the form of on-chain tokens based on the RWA model, bank deposits also need to enter the corresponding networks to provide settlement funds and collateral transfer support for transactions. Participation remains limited to approved institutions and vetted counterparties.