JPMorgan Chase’s latest trademark application for “JPMD” outlines a comprehensive blockchain and crypto strategy, including digital asset trading, settlement, and payment processing.
The filing, submitted to the USPTO on Sunday, signals the bank’s intent to deepen its involvement in distributed ledger technology.
While the document doesn’t explicitly reference stablecoins, industry analysts connect it to a recent WSJ report indicating that JPMorgan, Bank of America, and Wells Fargo are considering a collaborative stablecoin initiative. Such a move would position traditional banks as direct competitors to decentralized stablecoin issuers.
CEO Jamie Dimon has long advocated for blockchain’s utility in banking, even as he remains critical of Bitcoin.
