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Dimon Called Crypto A 'Ponzi Scheme'—Now JPMorgan Is Building JPMD To Trade It

2025-06-17 3 Dailymotion

JPMorgan Chase is deepening its push into digital assets with a new trademark filing for a platform called JPMD, according to Benzinga. The platform will offer services such as trading, exchanging, transferring, and issuing digital assets. The move marks a continued shift in the bank's crypto strategy, despite CEO Jamie Dimon’s past criticism of cryptocurrencies. Dimon recently confirmedthat  JPMorgan now allows client exposure to Bitcoin and accepts Bitcoin ETFs as collateral for some loans. The bank is also exploring a regulated stablecoin and already processes over $2 billion daily on its private blockchain network, Kynexis.