Bollcoin, October 19 — According to Bloomberg, JPMorgan announced that it is launching its deposit token JPM Coin on the Ethereum network, opening it to institutional clients. The token is pegged to U.S. dollar deposits, allowing clients to complete transfers and receipts around the clock in seconds, rather than the several business days previously required. JPM Coin was first launched last year and previously ran on Base, a blockchain associated with Coinbase.