JPMorgan has launched its deposit-backed token, JPM Coin (JPMD), on Coinbase's Base network, marking a significant milestone as the first major bank to operate deposits on a public blockchain. This development enables real-time institutional settlement, enhancing the efficiency of financial transactions. In addition, JPMorgan Asset Management has introduced MONY, a tokenized money market fund on Ethereum, which offers USD yield to qualified investors. These initiatives highlight the growing momentum of real-world assets (RWA) as they transition from conceptual projects to active components of financial infrastructure.