JPMorgan Chase has launched its blockchain-based cryptocurrency, JPM Coin, exclusively for institutional clients. This innovative move aims to streamline cross-border transactions and improve settlement efficiency using public blockchain technology. The coin allows institutions to seamlessly connect their banking accounts to the public blockchain network and access liquidity more efficiently. JPMC emphasizes this initiative as a significant step towards increased interoperability in financial markets. 24/7, 365 day settlement capabilities are enabled through automated initiation triggers. The pilot program on the Base network by Coinbase is expected to set the stage for broader institutional blockchain applications.