Just In: JPMorgan Files ‘JPMD’ Trademark For Crypto Payment Services
Highlights
- JPMorgan’s “JPMD” trademark covers crypto trading, custody, and token payments services.
- The “JPMD” filing aligns with U.S. stablecoin bill GENIUS Act, set for Senate vote June 17.
- JPMorgan’s move mirrors stablecoin activity by Ripple, Amazon, and Walmart amid regulatory shifts.
JPMorgan Chase Bank, N.A. has submitted a trademark application to the U.S. Patent and Trademark Office (USPTO) for “JPMD.” This new service mark could represent the bank’s next step in digital asset services, including trading, transfers, and crypto payments.
JPMorgan ‘JPMD’ Trademark For Crypto Payment
According to a filing dated June 16, JPMorgan Chase has applied for the trademark “JPMD” with the USPTO. The filing has been accepted for minimum requirements and is currently awaiting assignment to an examining attorney. The application is listed under the Principal Register and remains in the early review stage.
The “JPMD” trademark application describes a broad range of services. These include digital asset trading, electronic fund transfers, payment processing, real-time token exchange, digital asset custody, and securities brokerage. JPMorgan is also seeking coverage for secure online financial transactions related to digital currencies and blockchain technology.
The application falls under a service mark category, meaning it will likely apply to services and platforms rather than a physical product.
JPMorgan Expansion in Blockchain Services
JPMorgan has been expanding its blockchain and digital asset services in recent years. It already operates JPM Coin, a blockchain-based settlement token used internally for institutional clients. The new filing for “JPMD” may signal broader offerings that reach retail or external platforms.
While the specific use of “JPMD” has not been confirmed, the application’s language points to a comprehensive digital asset infrastructure. The trademark lists services involving virtual currency, digital tokens, payment tokens, and decentralized application tokens. These areas are commonly associated with stablecoin ecosystems and digital exchanges.
JPMorgan has previously stated its interest in tokenization and digital finance tools. Filing for a trademark in this space may help secure intellectual property as the bank expands into public-facing crypto platforms.
Stablecoin Regulation Developments in the U.S.
The trademark application for “JPMD” coincides with key regulatory developments in the United States. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act has recently passed the Senate Banking Committee and is now headed for a final Senate vote on June 17.
The GENIUS Act aims to establish a legal structure for stablecoins issued by financial institutions. Its progress has encouraged large banks to prepare offerings that would comply with anticipated regulations. If the bill passes, banks will be authorized to create stablecoin products under federal oversight.
Other firms are also reacting to the pending legislation. Ripple has resumed minting RLUSD, its U.S. dollar-backed stablecoin, with 12 million tokens recently issued. Market observers note that several major companies are positioning themselves for post-legislation expansion into stablecoins.
Other Firms Transitioning to Stablecoin Trend
Amazon and Walmart are also said to be considering stablecoin projects. It is said that both companies are considering introducing their own dollar-pegged tokens. These moves are indicative of an increased interest in digital currencies based on the private sector as there is an increase in regulatory clarity.
As giant corporations join the digital currency market, it places JPMorgan in the current list of financial establishments, intending to operate under a more regulated environment with stablecoins. The trademark could be contained in a plan to secure brand identity and online services as competition intensifies in the fintech industry.
The filing is an indication that JPMorgan is setting up a service that could encompass various financial functionalities. In case it is authorized, it may offer its services over a range of digital payments, tokens transfer, and digital asset custodian services.
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