Alchemy Supports J.P. Morgan's Historic USD Deposit Token Launch

J.P. Morgan launches its USD Token on the blockchain with Alchemy Smart Wallets

TL;DR - J.P. Morgan launches its first-ever USD deposit token on a public blockchain with Alchemy Smart Wallets.

J.P. Morgan comes onchain

Kinexys by J.P. Morgan just launched its USD deposit token on a public blockchain.

Their institutional clients can now interact with onchain deposits exactly like traditional banking with smart wallets. No gas fees for their clients and no crypto on the bank’s balance sheet.

This isn't just another technical milestone. This is one of the world's largest banks saying "public blockchain infrastructure is ready for institutional finance."

And they chose Alchemy to make it happen.

Here's how we made it possible

J.P. Morgan needed three critical capabilities:

• Institutional-grade reliability - Alchemy powers $150B+ in onchain transactions with 99.99% uptime

• Best-in-class security and compliance - Transaction limits, contract restrictions, and complete audit trails

• Seamless client experience - Smart wallets that eliminate crypto complexity while maintaining institutional security and compliance standards

The result? The familiarity of traditional banking with the power of blockchain technology for 24/7 settlement and near real-time liquidity.

This is just the beginning

J.P. Morgan's launch proves that smart wallets aren't just nice-to-have—they're essential for bringing onchain benefits to mainstream users.

👉 Read the full announcement: Get all the details on how Alchemy supported J.P. Morgan's historic launch.

👉 Explore Smart Wallets: Learn how we help financial services operate onchain with institutional-grade reliability.

👉 Contact our team: Let's chat about how Alchemy can accelerate your blockchain initiatives.