2️⃣ JPMorgan Digital Dollar
JPMorgan – the investment banking, asset management, and private wealth subsidiary of America’s largest bank – took a major step into the cryptocurrency world this week with the release of JPMD (a tokenized bank deposit) on Base. JPMD is available to approved institutional clients as part of a blockchain pilot program by digital asset arm Kinexys.

Kinexys executive Naveen Mallela confirmed the pilot program with Bloomberg and told the outlet that a fixed amount of JPMD tokens will be transferred to crypto exchange Coinbase in the coming days.

Compared to stablecoins, which will be prohibited from making interest payments to holders under the proposed GENIUS Act, tokenized bank deposits may serve as the yield-bearing payments alternative in a regulated blockchain future.