New York, Today - JPMorgan Chase has filed a trademark application for a crypto-focused platform called JPMD, indicating the bank's further expansion into digital assets. This move reflects a growing trend among traditional financial institutions to embrace digital assets.
The application, submitted on Sunday to the U.S. Trademark and Patent Office, outlines services such as trading, exchange, transfer, and payment services for digital assets, including the issuance of digital assets. This development highlights the increasing integration of cryptocurrencies into mainstream finance.
This move follows JPMorgan CEO Jamie Dimon's recent statement that the bank will allow clients to buy Bitcoin (BTC). JPMorgan also added Bitcoin ETFs for loan collateral and operates a private blockchain payments network, Kynexis, which processes over $2 billion in daily transactions.