JPMorgan Chase & Co. is seeing interest from clients in theUnited States, Europe, and Japan on the potential for its prototypedigital coin to speed up trading of securities such as bonds.

JPM Coin could enable “instant” delivery ofbonds on a blockchain platform, said Umar Farooq, head ofdigital treasury services and blockchain at the U.S. bank. “Webelieve that a lot of securities over time, in 5 to 20 years, willincreasingly become digital or get tokenized,” he said in aninterview in Tokyo.

Unveiled in February, JPM Coin ispegged to the U.S. dollar and uses the bank's private blockchain.JPMorgan has been testing the token to enable institutional clientsto transfer payments instantly, it said at the time.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.