Key Highlights
- Jio is testing a brand new cryptocurrency known as JioCoin on the Polygon blockchain, although it has not formally confirmed it but.
- Jio partnered with Polygon Labs and Aptos in 2025 to deliver Web3 options and blockchain rewards to over 500 million customers.
- About 9.4 million customers are already testing Jio’s blockchain rewards program, making it one of many largest telecom Web3 tasks.
Reliance Jio Platforms Ltd. (JPL), India’s largest telecom operator, is reportedly testing a brand new cryptocurrency known as JioCoin (JIO) on the Polygon blockchain.
Blockchain developer Aishwary confirmed this on X after a shared screenshot on Polygonscan confirmed an ERC-20 token with completely different provide figures, suggesting the token remains to be in early testing or has completely different variations.
That is linked again to Jio’s partnerships earlier in 2025 with Polygon Labs for Web3 providers and with Aptos for a blockchain-based rewards program for subscribers. Jio has not formally introduced JioCoin, which makes individuals cautious amid previous crypto scams in India.
Jio’s push into Web3 with Polygon and Aptos
In January 2025, Jio partnered with Polygon Labs to deliver Web3 options to its apps and providers, that are utilized by over 450 million prospects. On the time, Kiran Thomas, CEO of JPL, stated that “Becoming a member of forces with Polygon Labs marks a major milestone in Jio’s journey in the direction of digital excellence. We’re excited to discover the boundless potentialities of Web3 and produce unparalleled digital experiences to our customers.”
In October 2025, Jio additionally partnered with Aptos to create a blockchain-based rewards platform for over 500 million subscribers. The beta program already has about 9.4 million customers and offers sensible, real-world rewards via Aptos’s quick and low-cost blockchain, not simply speculative digital cash. Aptos Labs helps with the technical setup to ensure the system can deal with tens of millions of customers. This is among the largest makes use of of blockchain know-how by a telecom firm to this point.
What JioCoin may imply for on a regular basis customers
Jio has been investing in digital providers for a number of years, which has helped it preserve a powerful place in India’s telecom sector. Regardless that the worth of Aptos cash has not modified a lot lately, the rewards platform lets Jio develop its digital ecosystem and attain on a regular basis customers via its regular telecom providers.
If JioCoin turns into official, it may very well be an enormous step for the crypto market in India. Jio could be the primary telecom operator to implement blockchain rewards within the Web3 period. Additionally, tens of millions of Jio subscribers could be the audience of the JioCoin.
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