JPMorgan Files Trademark for Blockchain Services Amid Stablecoin Speculation

Coin WorldMonday, Jun 16, 2025 8:16 pm ET
1min read

JPMorgan Chase has filed a new trademark application in the US for “JPMD,” indicating a potential expansion of its blockchain and crypto services. The application, submitted to the US Patent and Trademark Office, outlines a wide range of crypto-related services, including

trading, exchange, transfer, clearing, and payment processing. This move amplifies speculation about a potential stablecoin offering from the bank.

The broad list of services suggests that

is exploring the possibility of conducting more of its financial services on blockchain rails. While the term “stablecoin” wasn’t mentioned in the application, a previous report stated that JPMorgan and other large banks, including and Wells Fargo, are considering launching a joint stablecoin. Many industry pundits are speculating whether the report and trademark filing are linked.

The report mentioned that the banks would compete directly with crypto-native stablecoin issuers and view stablecoins as a strategic tool to speed up routine and cross-border payments. JPMorgan is already active in the blockchain space, with its Kinexy’s platform (formerly Onyx) having processed more than $1.5 trillion in blockchain-based interbank payments with JPM Coin — a private stablecoin pegged 1:1 to either the US dollar, the British pound, or the euro.

JPMorgan’s CEO Jamie Dimon has repeatedly criticized Bitcoin, but he has long held that blockchain can offer valuable uses for financial institutions. The JPMD application comes as the US Senate chose to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, in a 68-30 vote. A majority of senators, including several Democrats, voted to invoke cloture for the bill, setting it up for debate and a full floor vote before potentially sending it to the House of Representatives for further consideration.

If passed by both chambers, the stablecoin bill would head to the President’s desk for official approval. This move underscores the growing integration of digital assets into mainstream financial services, marking a notable shift in the industry. The filing also indicates that large financial institutions are poised to control issuance and settlement while applying existing compliance standards from traditional finance. This move is seen as an innovative step, though some view it as an attempt to remain relevant in the rapidly changing financial landscape.