JPMORGAN，COINBASE和JPMD：用存款令牌革新机构融资

摩根大通（JPMorgan）和Coinbase正在与JPMD一起开创机构融资的新时代，JPMD有望改变B2B付款和链子定居点。

Hold onto your hats, Wall Street! JPMorgan Chase and Coinbase are shaking things up with JPMD, a deposit token poised to redefine how institutions handle money. Forget those sleepy bank transfers; we're talking near-instant settlements and real-time liquidity, all thanks to the power of blockchain. Let's dive into what this means and why it matters.

抓住你的帽子，华尔街！摩根大通（JPMorgan Chase）和Coinbase正在用jpmd摇晃一切，这是一个有资金来重新定义机构如何处理资金的押金。忘记那些困倦的银行转移；我们正在谈论近乎建立的定居点和实时流动性，这要归功于区块链的力量。让我们深入了解这意味着什么以及为什么它至关重要。

What is JPMD?

什么是JPMD？

JPMD isn't your average stablecoin. It's a deposit token, a digital representation of a bank deposit managed using blockchain technology. Think of it as a claim on a deposit at JPMorgan Chase, but with the added benefits of blockchain: speed, security, and 24/7 availability.

jpmd不是您的平均稳定性。这是一个存款令牌，是使用区块链技术管理的银行存款的数字代表。将其视为摩根大通（JPMorgan Chase）的押金的主张，但具有区块链的额外好处：速度，安全性和24/7的可用性。

JPMorgan and Coinbase Partnership

JPMorgan和Coinbase Partnership

JPMorgan is issuing JPMD on Base, Coinbase’s public Ethereum-based blockchain. This collaboration is a big deal. According to Jesse Pollack, VP of engineering at Coinbase, the partnership “combines the credibility of both JPMorgan and Base to help bring institutional money into a more global economy.”

摩根大通（JPMorgan）将在Coinbase的基于以太坊的公共区块链基础上发行JPMD。这项合作很重要。根据Coinbase工程副总裁Jesse Pollack的说法，合作伙伴关系“结合了摩根大通和基地的信誉，以帮助将机构资金带入更全球的经济。”

Deposit Token vs. Stablecoin

存入令牌与Stablecoin

What's the difference between a deposit token and a stablecoin? While stablecoins like Tether's USDT and Circle's USDC are popular for retail crypto trading and remittances, deposit tokens are tailored for institutional clients. Naveen Mallela, global co-head of JPMorgan Chase’s blockchain division Kinexys, explains that deposit tokens are issued by a licensed bank, making them seamlessly integrated into existing institutional financial systems.

存款令牌和稳定币有什么区别？诸如Tether的USDT和Circle的USDC之类的Stablecoins在零售加密货币交易和汇款方面很受欢迎，但存款令牌是为机构客户量身定制的。摩根大通（JPMorgan Chase）区块链Kinexys的全球联合负责人Naveen Mallala解释说，存款令牌是由许可银行发行的，使它们无缝集成到现有的机构金融系统中。

Mallela added, "Institutional clients can treat JPMD as bank deposits on their balance sheet, providing certainty around financial and accounting treatment.” Each JPMD token represents a deposit claim against JPMorgan, backed by the same liquidity frameworks as traditional banks.

Malala补充说：“机构客户可以将JPMD视为资产负债表上的银行存款，从而确定了财务和会计处理。”每个JPMD代币都代表针对摩根大通的存款索赔，并由与传统银行相同的流动性框架支持。

The Advantages of JPMD

JPMD的优势

JPMD offers several key advantages:

JPMD提供了几个关键优势：

• Speed and Efficiency: Enables fast, secure, 24/7 money movement between trusted parties.
• Institutional Focus: Designed for corporations, pension funds, and other institutional clients.
• Regulatory Compliance: Operates within traditional banking regulations, offering a compliant alternative to stablecoins.
• Integration with Traditional Systems: Seamlessly integrates with JPMorgan's existing banking infrastructure, reducing liquidity silos.

My Take

我的看法

JPMD has the potential to be a game-changer for institutional finance. By leveraging blockchain technology while adhering to banking regulations, JPMorgan and Coinbase are bridging the gap between traditional finance and the digital asset world. For instance, cross-border B2B payments, traditionally a slow and costly process, could become near-instant and significantly cheaper. This could unlock new opportunities for global trade and investment.

JPMD有可能成为机构财务的改变游戏规则。通过在遵守银行法规的同时利用区块链技术，摩根大通和Coinbase正在弥合传统金融与数字资产世界之间的差距。例如，传统上这是一个缓慢而昂贵的过程，跨境B2B付款可能会变得近乎稳定且便宜。这可以为全球贸易和投资开辟新的机会。

The Future of Finance?

财务的未来？

JPMD is just the beginning. As more institutions explore deposit tokens, we can expect to see a transformation in how money moves around the world. It's an exciting time to be in finance, folks! Who knew banking could be so…dare I say…cool?

jpmd只是开始。随着越来越多的机构探索存款令牌，我们可以期望看到金钱如何在世界各地转变。伙计们，这是一个令人兴奋的时刻！谁知道银行业可能是如此……我敢说……酷？