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J.P. Morgan Launches Blockchain for Ethereum Assets ?? Chainlink Ripped OffJPMorgan introduced JPM Coin in to enable institutional clients to make wholesale payments on a blockchain. Last month it reached the. Recording and representing a financial asset as a programable token on a blockchain increases asset utilization and mobility, powers instant and atomic. A case in point is JPMorgan Chase's �JPM Coin,� a corporate stablecoin launched shortly after the crypto bubble that seemed doomed to.