JASMY, Often Referred to as “Japan's Bitcoin,” Expands to Multi-Chain Operability by Adopting CCIP

JASMY, often referred to as “Japan's Bitcoin,” has made a significant move toward multi-chain operability.

"Japan's Bitcoin," JASMY, is taking a step toward multi-chain operability. The IoT-focused cryptocurrency project announced the adoption of the Cross-Chain Token (CCT) standard.

This integration will facilitate direct transfers between Ethereum (ETH) and Base networks through Chainlink's Cross-Chain Interoperability (CCIP).

The development will expand the footprint of the $600+ million market cap token as it aims to enhance its utility across multiple blockchain environments.

JASMY Integration and Technical Framework

Launched in October 2021 by former Sony executives, JasmyCoin (JASMY) is a cryptocurrency that focuses on data democratization through blockchain and IoT technology.

The project, which aims to give users control over their personal data, has now included Chainlink's CCIP in its technical capabilities.

According to the official announcement via JASMY's Medium blog, the integration allows the ERC-20 token to be moved seamlessly from Ethereum's mainnet to Base.

This capability addresses the challenge of liquidity and utility fragmentation across different blockchain networks.

Therefore, JASMY token holders can transfer their assets without relying on traditional bridging methods, which may carry additional security risks.

This technical framework is an important advancement for the JASMY ecosystem. The token previously operated primarily within the Ethereum network. As of March 2025, JASMY trades at approximately $0.0129 across major exchanges.

Layer 2 Solution Adopts CCIP

Beyond the token's new cross-chain capabilities, JASMY's ecosystem, through Janction, will adopt CCIP as its primary cross-chain infrastructure.

This integration signifies a broader trend in the industry as specialized layer 2 solutions are handling specific use cases while maintaining connection to established networks.

For JASMY, this expansion could enable more efficient processing of the high-volume data streams typical of IoT applications.

This implementation of cross-chain functionality comes at a time when JASMY is experiencing price volatility.

According to cryptocurrency data aggregator CoinGecko, at the time of writing on March 14, the price of the token stands at $0.0105.

The price of the token has decreased by 42.59% over the past month and 37.07% in the last one year. However, the token maintains a good place in the market, ranking among the top 100 cryptocurrencies by market capitalization.

The cross-chain expansion will open new avenues for its token utility. By operating across multiple networks, JASMY can tap into different DeFi ecosystems, potentially increasing liquidity and use cases.