@nikil @ethereum @jpmorgan @Alchemy JPM Coin moving dollars onchain around the clock is a strong proof point for deposit tokens. Reliable infrastructure underneath is what institutional clients will judge it on. @Alchemy Reply to @nikil: World’s most valuable bank now on @ethereum @jpmorgan deposits powered by @Alchemy How it works: JPM Coin represents dollars deposited at JPMorgan. Approved institutional clients can move those dollars on Ethereum around the clock—to pay each other or buy tokenized assets. Think of how stocks went from paper certificates to electronic trading. The shares stayed the same; moving them became easier. This is a similar shift for bank deposits: the dollars are still at JPMorgan, but Ethereum becomes a network for moving them.