Coinbase Partners with JP Morgan for JPM Coin Launch on BASE Blockchain
Global investment bank JP Morgan has unveiled JPM Coin, a groundbreaking deposit token tailored for institutional clients. This innovative digital asset operates on Coinbase's BASE blockchain, enabling seamless 24/7 instant USD transfers. Key collaborators in this crypto-native venture include Mastercard, Coinbase, and B2C2. Additionally, the JPM Coin utilizes the Kinexys network, JP Morgan's advanced financial blockchain infrastructure. Currently, this service is exclusively available to select institutional clients, marking a significant milestone in the integration of traditional finance with blockchain technology. The partnership with Coinbase underscores the growing synergy between major financial institutions and leading cryptocurrency platforms, paving the way for broader adoption of digital assets in the institutional space.
JP Morgan Launches JPM Coin, a Deposit Token For Institutional Clients
Global investment bank JP Morgan has introduced JPM Coin, a deposit token designed for institutional clients. The token operates on Coinbase's BASE blockchain, facilitating 24/7 instant USD transfers. Mastercard, Coinbase, and B2C2 are key partners in this crypto-native initiative.
The JPM Coin also leverages the Kinexys network, JP Morgan's next-generation financial blockchain. Currently, the service is exclusive to the bank's institutional clients, but Naveen Mallela, Global Head of Kinexys, hinted at potential expansion to other blockchains and currencies. Kinexys already processes nearly $3 billion in daily transactions.
JP Morgan's deposit token is a digital representation of traditional bank-held funds, fully backed by institutional deposits. Each token corresponds directly to real dollars in customer accounts, offering a regulated and secure digital alternative.
Coinbase Expands Crypto Services to Singaporean Businesses with New Platform
Coinbase has launched Coinbase Business in Singapore, marking its first expansion outside the U.S. The platform, developed in partnership with Standard Chartered, enables local small businesses and startups to trade cryptocurrencies and process payments in Singapore dollars. Real-time settlements in stablecoins like USDC and XSGD aim to reduce cross-border transaction costs and chargeback risks.
Regulatory constraints may limit the platform's full potential. While Coinbase Singapore holds a Major Payment Institution license for digital token services, it lacks authorization for merchant acquisition or domestic transfers. This could restrict its ability to process card payments or local wallet transactions for businesses.
The MOVE positions Coinbase among 36 licensed digital payment token service providers in Singapore. The platform's competitive edge will depend on whether MAS grants broader settlement capabilities beyond what current licensing permits.
Coinbase Shifts Corporate Domicile from Delaware to Texas in Strategic Move
Coinbase has announced its decision to reincorporate in Texas, marking a significant departure from Delaware, the traditional hub for corporate registrations in the U.S. Chief Legal Officer Paul Grewal framed the move as a strategic alignment with the company's long-term vision for product development and regulatory efficiency.
The shift underscores a broader trend of companies exploring states with more agile regulatory frameworks. Grewal acknowledged Delaware's legacy but emphasized that competition among states to attract businesses is intensifying. "We'll always do what's best for our customers, employees, and shareholders," he stated.
Texas is emerging as a formidable alternative, offering a tech-forward environment that appeals to innovators. This relocation could signal a redistribution of corporate influence as states vie to modernize their legal and regulatory infrastructures.
Coinbase Hires Ex-Goldman Partner Liz Martin to Lead Markets and Derivatives Expansion
Coinbase has appointed Liz Martin, a former partner at Goldman Sachs, as its new Vice President of Product, overseeing Markets and Derivatives. This strategic hire underscores Coinbase's ambition to expand its service offerings and solidify its position as a leading crypto exchange.
Martin will spearhead Coinbase's exchanges, drive growth in its derivatives business, and manage the global markets team—key components of the company's 'Everything Exchange' strategy. Her extensive experience at Goldman Sachs, where she led initiatives in trading, technology, and consumer finance, positions her as a pivotal figure in Coinbase's institutional push.
"Derivatives sit at the center of every mature market," Martin remarked. "Coinbase has an enormous opportunity to lead this space globally as crypto markets reach institutional scale."
Bitwise CIO Predicts Compliant ICOs to Fuel Next Crypto Bull Run
Bitwise Chief Investment Officer Matt Hougan has positioned regulated Initial Coin Offerings (ICOs) as the catalyst for cryptocurrency's next major rally. In a client note, Hougan emphasized that Coinbase's newly launched token sale platform—marking its return to ICOs after a six-year hiatus—signals a transformative shift in capital formation for digital assets.
"Crypto reinvented Gold through Bitcoin, dollars through stablecoins, and trading through tokenization," Hougan wrote. "Now, we're reinventing early-stage investment." The platform, which debuted with Monad token sales, aims to democratize access for retail investors, historically sidelined by institutional dominance in traditional venture financing.
Hougan argues this compliant model resolves structural inequities while mitigating the risks of the 2017-2018 ICO boom. By 2026, he expects regulated token sales to eclipse Bitcoin and DeFi as the sector's primary growth engine.
