JPMorgan Is Launching JPM Coin on the Rising Canton Network
JPMorgan’s Kinexys blockchain unit will launch its USD-pegged deposit token, JPM Coin (JPMD), on Canton Network, a privacy-enabled blockchain for financial markets, in partnership with Digital Asset. Previously available on Coinbase’s Base network, JPM Coin enables institutional clients to conduct payments using blockchain representations of JPMorgan deposits. The rollout on Canton will occur in phases through 2026, starting with technical and business groundwork for issuance, transfer, and redemption of JPM Coin. Once integrated, institutions can manage JPMD transactions near-instantly. Future plans may include adding more Kinexys Digital Payments products to Canton. The partnership aims to modernize financial infrastructure, improving capital flow while maintaining privacy and regulatory standards. Other financial institutions, such as Franklin Templeton and Depository Trust & Clearing Corporation, are also joining Canton, reinforcing its industry position. Canton’s native CC token has appreciated significantly since its November launch.
