JPMorgan Chase has submitted a new trademark application for “JPMD,” a blockchain-based financial product that could signal the banking giant’s next major move in the digital asset space.
While the application doesn’t explicitly mention a stablecoin, the filing outlines a sweeping set of capabilities that strongly resemble those of tokenized payment systems.
Filed with the U.S. Patent and Trademark Office (USPTO) and accepted on Sunday, the application describes JPMD as a system for digital asset trading, transfers, payments, and blockchain-based fund services.
Filing Covers Wide Range of Blockchain Services
The trademark request spans an expansive set of financial services, including:
- Digital trading platforms
- Brokerage services for digital assets
- Blockchain-based clearing and settlement
- Electronic fund transfers and payments
- Asset issuance and data exchange via distributed ledger technology
JPMorgan’s filing also refers to debt settlement and brokerage using blockchain, suggesting that the bank could be preparing to bring real-world financial instruments onto distributed ledger platforms.
Stablecoin Move on the Horizon?
Though the word “stablecoin” doesn’t appear in the filing, the scope and structure of JPMD mirror functions commonly associated with stable digital currencies. Market observers see this as a potential extension of JPMorgan’s JPM Coin initiative, or possibly a more public-facing counterpart.
If confirmed, JPMD could mark a major escalation in the race among financial institutions to launch institution-grade tokenized payment solutions.
The trademark has not yet been assigned to an examiner, and JPMorgan has made no official announcement tied to the application.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/jpmorgan-files-trademark-for-jpmd-blockchain-asset-fueling-stablecoin-speculation/