Think of it like getting in on the ground floor of the nickel. JPMorgan Chase announced the JPM Coin earlier last week, a prototype digital coin equivalent to one U.S. dollar. The bank’s customers will be able to use the token—and the underlying blockchain technology—to transmit instantaneous payments to one another.

Don’t get too excited just yet. The coin is still firmly in the pilot phase, with JPMorgan planning to test it out among a small number of institutional clients before a wide release is anywhere in sight. Still, it can’t hurt to think about the potential legal risks at play for the bank, which at this point resemble those posed to any organization trafficking in personal data: hackers and accidents.