"Kinexys by J.P. Morgan, has brought JPM Coin, J.P. Morgan’s USD-denominated deposit token, to Ethereum, the Layer 1 blockchain network. Available to J.P. Morgan’s institutional clients, the move extends the reach of institutional finance on public blockchain. Large institutions that actively participate in both crypto and real-world-asset (RWA) digital transactions are increasingly looking for native onchain cash solutions from pre-eminent and reputable financial institutions that are interoperable with the deposit-based products they already use."