June 27, 2025, 5:29 am | Read time: 3 minutes
Recent crypto news has been dominated by institutions, particularly banks. Suddenly, major players are getting involved and making an impact.
In the crypto world, major banks are suddenly making strong moves: JP Morgan, Deutsche Bank, and Commerzbank are unveiling ambitious blockchain projects—from tokenized bank deposits to digital funds. These traditional financial giants are stepping up and significantly advancing the institutional adoption of cryptocurrencies. But it’s not just the banks getting involved: Projects like EigenLayer are bringing technological innovations to the table—and even Donald Trump is making waves with his own cryptocurrency. A brief look back at important developments.
Banks Embrace Blockchain and Crypto
The U.S. bank JP Morgan is introducing its own digital dollar on the blockchain with the JPMD token. The token represents a digital claim on actual bank deposits at JP Morgan. It was specifically developed for large corporate clients, on the Base blockchain, Coinbase’s platform. The offering is primarily aimed at large companies that can now move money around the clock, directly, quickly—and with interest. To me, this is a sign: Even the largest banks can no longer ignore blockchain.
Deutsche Bank is launching the DAMA 2 project to tokenize real assets, such as funds, that are brought onto the blockchain. DAMA stands for Digital Asset Management Access. The entire process runs on Ethereum and is mainly intended for institutional investors. However, the platform is built so simply that even people without blockchain expertise can use it.
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Commerzbank is also creating a crypto offering for institutions. Together with Crypto Finance, corporate clients can trade and securely store Bitcoin and Ethereum directly. For many companies, this is the first truly simple and regulated access to the crypto world. This was long overdue, as the demand is there. Commerzbank is bringing together the traditional financial world and new technologies here.
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But even outside the banks, a lot has happened in recent weeks. My technological highlight comes from the EigenLayer project. With EigenCloud, a platform is being built that can secure AI models through documentation on the blockchain. This may sound abstract at first, but it’s a huge step toward more trust in the decentralized internet Web3. With tools like EigenVerify, developers can prove what really happened. This makes many things more transparent and secure.
Many are still rubbing their eyes in disbelief that former U.S. President Donald Trump has actually launched his own cryptocurrency. This has made quite a splash. What has become of the hype? After the largest investors in Trump’s cryptocurrency Official Trump were invited to a dinner at the end of May, many small investors hoped for a new boost in the price. But not much has happened. The price is still far from the all-time high of about 73 U.S. dollars, yet the market capitalization still comfortably ranks in the top 100. Currently, the price hovers around 10 U.S. dollars.