JPMorgan Plans to Issue JPM Coin on Canton Network

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Source: CryptoBriefing Original Title: JPMorgan plans to issue JPM Coin on Canton Network Original Link:

Key Takeaways

  • JPMorgan and Digital Asset collaborate to launch JPM Coin on the Canton Network.
  • JPM Coin is a USD-denominated deposit token designed for institutional finance.

Digital Asset and Kinexys by J.P. Morgan have announced their intent to issue JPM Coin on the Canton Network.

Launched on Base in late 2025, JPM Coin (ticker: JPMD) is aimed at enabling instant, 24/7 global settlements for institutional clients, addressing the limitations of traditional banking hours and multi-day settlement delays.

The expansion into the Canton Network enables JPM Coin to operate natively on a privacy-enabled, interoperable blockchain, allowing regulated digital cash to move faster, more efficiently, and securely across financial markets.

Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, said the move “delivers the security of bank-issued deposits and settlements, combined with the speed and innovation of 24/7, near real-time blockchain transactions.”

“This collaboration brings to life the vision of regulated digital cash that can move at the speed of markets,” said Yuval Rooz, Co-Founder and CEO of Digital Asset. “By bringing JPM Coin natively to Canton, we’re establishing the foundation for modernizing the existing financial rails to facilitate the more efficient flow of capital.”

The integration is set to roll out in phases during 2026, beginning with the technical and business frameworks needed to issue, transfer, and redeem JPM Coin nearly instantly on Canton.

The partnership will also look into further integrating Kinexys Digital Payments products, including J.P. Morgan’s Blockchain Deposit Accounts, to broaden functionality for participants in the Canton ecosystem.

Backed by major global banks and technology firms, Canton Network allows banks and market operators to synchronize assets and payments across systems atomically, reducing settlement risk and unlocking scalable tokenized markets.

The network has been chosen by the Depository Trust & Clearing Corporation to enable tokenization of US Treasury securities, building a privacy-preserving, regulated infrastructure suitable for broad institutional adoption.

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MechanicalMartelvip
· 3h ago
JPM is doing this, really just a big bank monopoly on on-chain finance, retail investors still can't play.
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GateUser-9f682d4cvip
· 01-07 17:49
Morgan is trying to build an official army on the chain. Institutions are in luck.
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Hash_Banditvip
· 01-07 17:49
ngl, jpm coin on canton network feels like watching the old guard finally figure out what we've been mining toward all these years... institutional stablecoins aren't exactly revolutionary but the network effects could actually shift difficulty on adoption curves. cautiously optimistic here tbh.
Reply0
HashBardvip
· 01-07 17:44
ngl the institutional playbook writes itself again... jpm coin on canton? feels like watching the old guard finally accept the inevitable, just dressed it up in compliance clothing lol
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GamefiEscapeArtistvip
· 01-07 17:25
Morgan is trying to go the institutional route. The game for pet owners is getting more and more complicated.
View OriginalReply0
OnchainUndercovervip
· 01-07 17:24
Morgan is at it again, cutting the leeks. This time using stablecoins directly? Institutions are really getting more and more creative.
View OriginalReply0
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