JPMorgan Chase’s JPM Coin has landed on the inter-bank settlement system, with a daily settlement volume of US$1 billion

JPMorgan's blockchain token JPM Coin has been officially launched on the Partior platform to complete inter-bank settlement. The Partior platform was jointly launched by JPMorgan, Development Bank of Singapore (DBS Bank), Temasek and Standard Chartered. It supports multi-currency fast transactions, but still relies on the traditional banking system to complete settlement. The application of JPM Coin in Partior marks the further expansion of blockchain technology in inter-bank transactions and may significantly increase the frequency of its use. JPMorgan announced as early as October that the daily transaction volume of JPM Coin has reached 1 billion U.S. dollars, and it is expected that the daily transaction volume will increase to 10 billion U.S. dollars in the next one or two years.​​