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Capitalism Now Runs on Base
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Capitalism Now Runs on Base

JPMorgan Just Validated Everything I’ve Been Saying

Chip Mahoney's avatar
Chip Mahoney
Jun 17, 2025
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Capitalism Now Runs on Base
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A man in a black suit loosening his tie
Photo by Ben Rosett on Unsplash

There’s a new project quietly being piloted on-chain.

Not a protocol. Not a startup.

Not some venture-backed experiment from a former Web2 exec.

This one is different.

It’s being run by one of the most powerful financial institutions in the world—and it’s being built on a chain that TradFi never publicly endorsed… until now.

This isn’t about hype.

It’s about settlement. Control. And infrastructure.

If you’ve been reading my Front Run The Week newsletter, you know the signs:

-Vaultseason.
-Rotation.
-Base as a safe harbor when euphoria hits.

What just happened confirms all of it.

The market hasn’t caught on yet. But you will.

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