Jpmorgan Targets Canton Network For Next Phase Of Jpm Coin 2026
JPMorgan’s Kinexys unit is taking JPM Coin beyond its existing rails, planning a native launch of the US dollar deposit token on the Canton Network.
Digital Asset, the creator of the Canton Network, and Kinexys by JPMorgan plan to bring USD JPM Coin (JPMD) natively to the Canton Network, extending the bank’s deposit token from its existing infrastructure onto a public, institutional-grade blockchain.
The bank has already begun deploying JPM Coin on Coinbase’s Base network for institutional clients as part of a pilot, and has indicated it plans to support additional public blockchains over time, making Canton another leg in a multi-chain strategy.
According to an announcement shared with Cointelegraph, JPM Coin by Kinexys Digital Payments is “the first bank‑issued, USD‑denominated deposit token” designed for institutional clients and represents a digital claim on JPMorgan US dollar deposits on distributed ledger infrastructure.
The move targets growing demand from both digitally native and traditional companies for faster, more secure money movement on public blockchain rails.
“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.
Naveen Mallela, global co-head of Kinexys by JPMorgan, said that the partnership moved the industry forward in transacting on public blockchains, and that JPM Coin delivered the “security of bank-issued deposits and settlement,” along with the “speed and innovation of 24/7, near real-time blockchain transactions.”
It aims to provide synchronized settlement across multiple asset classes on a shared, interoperable infrastructure, with its own native token, Canton Coin, supporting decentralized governance and application development.
Canton Coin has rallied in recent weeks after tokenized US Treasury pilots on the network drew fresh speculative interest in its role as a settlement asset for institutional decentralized finance (DeFi).
Related: Canton token rallies 27% after DTCC outlines tokenized Treasury plans
Source: CoinTelegraph
