JPMorgan: JPMD Deposit Token Live on Ethereum

JPMorgan has deployed its JPMD deposit token on Ethereum for institutional clients, following the November 2025 rollout on Base, according to Charles d'Haussy.

The instrument functions as a deposit token rather than a stablecoin, keeping the underlying claim on the bank's balance sheet while shifting settlement to the public chain. Ethereum trades at $2395.04 inside its Bollinger Bands on the 4h chart, with price testing the upper resistance at $2449.03 against a bearish structure defined by the EMA50 at $2441.34 and EMA200 at $2518.96; the MACD golden cross at -11.95 signals building momentum even as RSI at 45.6 stays neutral, suggesting a potential pullback toward the EMA50 support before any sustained advance.