Global banking leader JPMorgan Chase has submitted a trademark request for a new crypto platform called JPMD, indicating its intention to strengthen its position in the realm of digital assets.

The trademark was filed on a Sunday with the U.S. Trademark and Patent Office, proposing services that encompass “providing trading, exchange, transfer, and payment services for digital assets” along with issuing digital assets.

The actions of JPMorgan come at a time when conventional financial entities are exploring stablecoin issuance and the development of investment products related to cryptocurrencies. CEO Jamie Dimon, notwithstanding his prior criticisms of cryptocurrencies, mentioned that the bank would permit clients to purchase Bitcoin. JPMorgan also recently integrated Bitcoin ETFs into loan collateral for their customers and has participated in discussions aimed at launching a stablecoin.

Moreover, JPMorgan runs a private blockchain payments network, Kynexis, which processes over $2 billion in daily transaction volume.