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- Early tests hint at Jio developing JioCoin on the Polygon blockchain.
- Jio’s Web3 strategy already includes 9.4M active beta users via Aptos rewards.
- A JioCoin launch could introduce crypto to hundreds of millions of Indian users.
Reliance Jio’s Web3 roadmap appears to be moving faster than expected after new evidence suggests the telecom giant is testing its own cryptocurrency, JioCoin (JIO), on the Polygon blockchain. While the company has issued no official announcement, recent on-chain activity and statements from a well-known blockchain developer point to early-stage development already underway.
JioCoin Activity Surfaces on Polygon
The first signs appeared when developer Aishwary highlighted a token contract on Polygonscan showing an ERC-20 asset linked to Jio. The contract displayed mismatched supply figures, implying the token is still in testing phases or being iterated across multiple versions.
Although Jio has not commented publicly, the discovery aligns with the company’s earlier Web3 initiatives. The findings immediately sparked conversations across India’s crypto community, many of whom are cautiously curious given the country’s long history of scam tokens. Still, the scale and credibility of Jio Platforms gives this experiment far more weight than typical rumor-driven projects.
Building on Jio’s Web3 Foundation with Polygon and Aptos
Jio has been laying the groundwork for blockchain integration throughout 2025. In January, it partnered with Polygon Labs to bring Web3 features into its widely used apps, serving more than 450 million customers. JPL CEO Kiran Thomas described the initiative as a step toward “unparalleled digital experiences” powered by decentralized technology.
Later in October, Jio expanded its strategy by teaming up with Aptos to launch a blockchain-based rewards system designed for over 500 million subscribers. The beta already hosts 9.4 million users, making it one of the telecom industry’s largest real-world blockchain deployments. Unlike speculative token programs, the rewards platform focuses on practical benefits using Aptos’ fast, low-fee infrastructure.
What JioCoin Could Mean for India’s Digital Economy
If JioCoin becomes official, it could mark a major inflection point for India’s crypto landscape. Jio’s massive user base means any token it launches would instantly reach tens of millions of people—potentially giving India its first large-scale consumer crypto experience.
For Jio, a native token could unify its rewards, payments, and digital ecosystem. For users, it could bring blockchain technology directly into daily mobile and data services — without requiring prior crypto knowledge.
Though still unconfirmed, the ongoing tests show Jio’s Web3 plans are quickly shifting from concept to execution.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
