Key Highlights
- Jio is testing a new cryptocurrency called JioCoin on the Polygon blockchain, though it has not officially confirmed it yet.
- Jio partnered with Polygon Labs and Aptos in 2025 to bring Web3 features and blockchain rewards to over 500 million users.
- About 9.4 million users are already testing Jio’s blockchain rewards program, making it one of the biggest telecom Web3 projects.
Reliance Jio Platforms Ltd. (JPL), India’s largest telecom operator, is reportedly testing a new cryptocurrency called JioCoin (JIO) on the Polygon blockchain.
Blockchain developer Aishwary confirmed this on X after a shared screenshot on Polygonscan showed an ERC-20 token with different supply figures, suggesting the token is still in early testing or has different versions.
This is linked back to Jio’s partnerships earlier in 2025 with Polygon Labs for Web3 services and with Aptos for a blockchain-based rewards program for subscribers. Jio has not officially announced JioCoin, which makes people cautious amid past crypto scams in India.
Jio’s push into Web3 with Polygon and Aptos
In January 2025, Jio partnered with Polygon Labs to bring Web3 features to its apps and services, which are used by over 450 million customers. At the time, Kiran Thomas, CEO of JPL, said that “Joining forces with Polygon Labs marks a significant milestone in Jio’s journey towards digital excellence. We are excited to explore the boundless possibilities of Web3 and bring unparalleled digital experiences to our users.”
In October 2025, Jio also partnered with Aptos to create a blockchain-based rewards platform for over 500 million subscribers. The beta program already has about 9.4 million users and provides practical, real-world rewards through Aptos’s fast and low-cost blockchain, not just speculative digital coins. Aptos Labs is helping with the technical setup to make sure the system can handle millions of users. This is one of the largest uses of blockchain technology by a telecom company so far.
What JioCoin could mean for everyday users
Jio has been investing in digital services for several years, which has helped it maintain a strong position in India’s telecom sector. Even though the price of Aptos coins has not changed much recently, the rewards platform lets Jio expand its digital ecosystem and reach everyday users through its normal telecom services.
If JioCoin becomes official, it could be a big step for the crypto market in India. Jio would be the first telecom operator to implement blockchain rewards in the Web3 era. Also, millions of Jio subscribers would be the target audience of the JioCoin.
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