Argentine banks testing JPMorgan’s JPM Coin to speed up settlements: Report
Argentine banks are reportedly testing JPMorgan’s deposit token infrastructure for back-end settlement workflows, even because the nation’s central financial institution nonetheless bars lenders from providing most crypto-related companies to purchasers, based on native outlet iProUP.
A gaggle of monetary establishments has begun piloting JPM Coin, a deposit token designed for institutional use. Banco CMF is among the many confirmed individuals, working by means of its newly launched company unit QORP as a part of JPMorgan’s minimal viable product, per the report.
“Within the first part, banks are anticipated to work on integrating obtainable companies to confirm enhancements in settlement instances and interbank reconciliations of built-in banks,” Maximiliano Cohn, chief data officer of CMF, reportedly informed the outlet.
The checks are being performed with out transferring actual funds. Transactions are settled by means of conventional methods, whereas blockchain is used to file and reconcile operations. Trade sources cited by iProUP counsel different lenders, together with Banco Galicia, BIND and Banco Comafi, are contemplating becoming a member of this system.
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The initiative comes because the Banco Central de la República Argentina (BCRA), the central financial institution of Argentina, is reviewing a rule that barred banks from providing crypto companies. Whereas the restriction stays in place, it doesn’t stop establishments from utilizing blockchain infrastructure internally.
Cointelegraph reached out to Banco CMF for remark, however had not obtained a response by publication.
JPMorgan stated in November 2025 that JPM Coin had grow to be obtainable to institutional purchasers following a proof of idea on the Coinbase-developed layer-2 community Base. In January, the financial institution joined Digital Asset to broaden JPM Coin onto the Canton Community.
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Latin America’s crypto market surges
Latin America has emerged as one of many fastest-growing crypto areas, recording almost $1.5 trillion in transaction quantity between mid-2022 and mid-2025, with month-to-month exercise peaking at $87.7 billion in December 2024, based on Chainalysis’ 2025 Geography of Crypto Report.
Brazil led the market by a large margin, accounting for almost one-third of regional exercise, adopted by Argentina and Mexico, per the report.
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