JPMorgan officially launched the deposit token JPM Coin, offering it to corporate clients. The token represents the bank's US dollar deposits and enables 24-hour real-time transfers via Coinbase's associated public blockchain Base. Institutions participating in the pilot program include Mastercard, Coinbase, and B2C2. JPMorgan plans to allow its clients' end customers to use JPM Coin in the future and expand to other currency types and blockchain networks pending regulatory approval. The bank has already registered JPME as a trademark for a euro-denominated token. Coinbase will accept JPM Coin as collateral. [Bloomberg]