---
title: Jamie Dimon と JPMorgan の暗号資産スタンス・事業変遷 · JPM Coin / Kinexys / JPMD on Base
aliases: [jamie-dimon-anti-crypto-pivot, ceo-defensive-pivot-case, reluctant-bank-pivot-template]
domain: business
created: 2026-05-18
last_updated: 2026-05-29
last_tended: 2026-05-29
review_by: 2026-11-18
confidence: likely
tags: [business, people, jamie-dimon, jpm, kinexys, jpmd, base, case-study]
sources:
  - https://www.coindesk.com/markets/2017/09/12/jamie-dimon-bitcoin-is-a-fraud
  - https://www.coindesk.com/business/2024/01/17/jamie-dimon-bashes-bitcoin-again-a-pet-rock
  - https://fortune.com/2022/09/22/jpmorgan-jamie-dimon-dangerous-crypto-decentralized-ponzi-scheme-not-good-for-anybody/
  - https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html
  - https://www.jpmorgan.com/insights/payments/blockchain-digital-assets/introducing-kinexys
  - https://www.coindesk.com/markets/2025/11/12/jpmorgan-rolls-out-jpm-coin-leveraging-coinbase-s-base-report
status: confirmed
---

# Jamie Dimon と JPMorgan の暗号資産スタンス・事業変遷 · JPM Coin / Kinexys / JPMD on Base

## Wiki route

This entry sits under [[business/INDEX|business INDEX]] as a public-company-strategic-case anchor. Read it against [[business/matt-huang-triple-role-coi-template|三身分COIテンプレート]] for peer / contrast context and [[fintech/INDEX|fintech index]] for the broader system / regulatory boundary.

## Key facts

- Dimon は 2017-09 に「BTC は詐欺、BTC を買ったトレーダーは即解雇する」と発言 ^[extracted]
- 2022-09 下院公聴会で暗号資産を「分散型ポンジスキーム」と証言、2024-01 Davos で「ビットコインはペットロック」と発言 ^[extracted]
- 2024-Q2 に軟化:ステーブルコイン + トークン化に「実需ユースケースがある」と承認 ^[extracted]
- 2024-11 に Onyx を Kinexys へ改称 ^[extracted]
- 2025-Q4 に JPMD on Base がローンチ = 主要銀行が初めてパブリックチェーン上に発行したトークン化預金 ^[extracted]
- 2026-Q1 に JPMD 流通 ~$1B / 機関顧客 100+ ^[extracted]

## Origin & evolution

2017 年の BTC 相場高騰時に Dimon が公的に反対する一方、JPM Coin は社内でプロジェクト化されていた(企業内クリアリング目的)。2019-02 に JPM Coin をリリース。2020-10 に Onyx 部門を設立、2024-11 に Kinexys へ改称。同時期に BlackRock × Coinbase 提携(2022-08)、BUIDL ローンチ(2024-03)、IBIT 承認(2024-01)。2024-Q4 に Dimon が支持側へ転換。2025-Q4 に JPMD on Base がローンチ。2026-Q1 に JPMD 流通 ~$1B / 機関顧客 100+。

## Related
<!-- wiki-links:managed -->
- [[INDEX|Wiki Index]]
- [[business/larry-fink-blackrock-digital-asset-template|Larry Fink BlackRock デジタル資産]]
- [[business/hester-peirce-sec-regulatory-pivot-case|Hester Peirce SEC 規制転換]]
- [[business/christine-moy-talent-signal-jpm-apollo|JPM → Apollo 人材流動]]
- [[business/kitao-yoshitaka-sbi-independent-strategy-case|北尾吉孝 SBI 独立路線]]
<!-- /wiki-links:managed -->

## Sources

- Jamie Dimon: Bitcoin Is a 'Fraud' (CoinDesk, 2017-09-12) — https://www.coindesk.com/markets/2017/09/12/jamie-dimon-bitcoin-is-a-fraud
- Jamie Dimon Bashes Bitcoin Again: 'A Pet Rock' (Davos, CoinDesk, 2024-01-17) — https://www.coindesk.com/business/2024/01/17/jamie-dimon-bashes-bitcoin-again-a-pet-rock
- Jamie Dimon told Congress crypto tokens are 'decentralized Ponzi schemes' (Fortune, 2022-09-22) — https://fortune.com/2022/09/22/jpmorgan-jamie-dimon-dangerous-crypto-decentralized-ponzi-scheme-not-good-for-anybody/
- JPMorgan rolling out first US bank-backed cryptocurrency, JPM Coin (CNBC, 2019-02-13) — https://www.cnbc.com/2019/02/13/jp-morgan-is-rolling-out-the-first-us-bank-backed-cryptocurrency-to-transform-payments--.html
- Introducing Kinexys (Onyx rebrand, J.P. Morgan official) — https://www.jpmorgan.com/insights/payments/blockchain-digital-assets/introducing-kinexys
- JPMorgan Rolls Out JPM Coin (JPMD) Leveraging Coinbase's Base (CoinDesk, 2025-11-12) — https://www.coindesk.com/markets/2025/11/12/jpmorgan-rolls-out-jpm-coin-leveraging-coinbase-s-base-report
