JPMorgan brings JPM Coin to Canton, its second extension after launching on Base
J.P. Morgan's JPM Coin is expanding to the Canton Network, marking its second deployment after launching on Base.Summary
J.P. Morgan's blockchain division, Kinexys, is launching JPM Coin (JPMD) on the Canton Network, a permissionless Layer 1 blockchain focused on institutional finance. This deployment is the second extension for JPM Coin, following its launch on the Coinbase-supported Ethereum Layer 2, Base, in November 2025. JPM Coin acts as a bank-backed deposit token representing U.S. dollar deposits, offering institutional clients near-instant, 24/7 peer-to-peer transfers as an alternative to stablecoins. Naveen Mallela of Kinexys stated this collaboration will increase efficiency and unlock liquidity by enabling transactions on public blockchains. The Canton Network, developed by Digital Asset and supported by major financial players like Goldman Sachs and BNY Mellon, offers configurable privacy features. Kinexys plans a phased deployment of JPMD throughout 2026 and is considering further integrations, such as bringing Blockchain Deposit Accounts to Canton.
(Source：The Block)