JPMorgan Chase has filed a trademark application for “JPMD,” hinting at a potential expansion of its digital asset strategy and stirring speculation about an upcoming stablecoin product. Filed with the U.S. Patent and Trademark Office on Sunday, the application outlines a broad suite of services including digital asset trading, exchange, transfers, clearing, and payment processing—all centered around blockchain-based infrastructure. Though the filing doesn’t explicitly mention the word “stablecoin,” the scope of services described suggests that JPMorgan may be laying the groundwork to move more of its financial operations onto blockchain rails. This has reignited conversations about a possible stablecoin initiative from the banking giant. JPMorgan Enters as Stablecoin Speculation Heats Up The timing of the trademark application follows closely on the heels of a May 22 Wall Street Journal report that revealed JPMorgan, Bank of America, and Wells Fargo were in early discussions to jointly issue a stablecoin . According to the report, the consortium aims to compete with existing crypto-native stablecoins and leverage blockchain to expedite domestic and cross-border payments. While details remain unconfirmed, many industry watchers believe the “JPMD” trademark could be linked to this stablecoin initiative. The report emphasized that major banks now view stablecoins as strategic tools to modernize their payment infrastructures and reclaim market share from crypto-native firms like Tether and Circle. JPMorgan, despite CEO Jamie Dimon’s repeated criticism of Bitcoin, has remained a front-runner in blockchain development. The bank’s blockchain division, Kinexy (formerly Onyx), has already processed over $1.5 trillion in interbank transactions using JPM Coin—a proprietary, permissioned stablecoin backed 1:1 by fiat currencies like the U.S. dollar, euro, and British pound. Regulatory Landscape Shifts in Favor The trademark filing also arrives as U.S. lawmakers push forward with the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins). The bill passed a key procedural vote in the Senate last week with a 68-30 margin, signaling broad bipartisan support. If approved by both chambers of Congress, the legislation would head to President Donald Trump’s desk for final approval. According to DeFiLlama, the total market capitalization of stablecoins currently stands at $251.7 billion, led by Tether (USDT) at $156.3 billion and Circle’s USDC at $61.3 billion. A new entrant backed by traditional financial giants could significantly reshape the landscape. The post JPMorgan Eyes Deeper Blockchain Integration With New “JPMD” Trademark Filing appeared first on TheCoinrise.com .
