JPMorgan Chase’s digital token, JPM Coin, has introduced new programmable capabilities that allow corporate clients to set conditional triggers for payments. This feature has already been adopted by companies such as Siemens and FedEx. With programmable payments, businesses can configure their accounts to automatically transfer funds when certain preset conditions are met, eliminating the need for standing payment orders. This new functionality builds on JPM Coin’s existing ability to facilitate real-time money transfers between JPMorgan accounts globally. Launched in 2019, the digital token has gained rapid adoption and reportedly handles $1 billion in daily transfers. JPMorgan has been actively pursuing blockchain and tokenization projects, with its Onyx platform also supporting trading tokenized securities. The bank has recently assisted major clients in processing tokenized Treasuries and US dollars, as well as enabling BlackRock to tokenize money market fund shares.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries	🇩🇪
Sentiment	positive
Relevance Score	1
People	Naveen Mallela
Companies	Cargill, Goldman Sachs, Siemens, FedEx, JPMorgan Chase
Currencies	USDJPM
Securities	None