Global bank giant JPMorgan Chase has filed a trademark application for a new cryptophocused platform labeled as JPMD and signalizes that the bank is pushing deeper into digital assets.
According to application JPMD is filed on Sunday to the US trademark and patent office and will offer services such as “providing trade, exchange, transfer and payment services for digital assets” and “Issuing digital assets.”
The bank’s movements come as traditional financial institutions consider stableecoin issuing, and asset managers issue cryptoin -investing products and explore active docking.
JPMorgan CEO Jamie Dimon, who has long criticized Cryptocurrencies, said last month that the bank will allow its clients to buy Bitcoin
. The bank recently added BTC ETFs to loan security for customers and was also mentioned among the US banks, which reportedly had discussions about the launch of a stablecoin.
JPMorgan operates a private blockchain payment network Kynexis, which treats more than $ 2 billion in daily transaction volume.
