JPM Coin to launch natively on Canton Network in 2026
JPMorgan's JPM Coin will launch natively on the Canton Network by 2026, expanding its digital deposit token to a public, institutional blockchain.Summary
Digital Asset and JPMorgan's Kinexys plan to integrate JPM Coin (JPMD), the bank's USD-denominated deposit token for institutional clients, natively onto the Canton Network by 2026. This move extends JPM Coin beyond its current infrastructure, following a pilot deployment on Coinbase's Base network, as part of a multi-chain strategy. The Canton Network is a public, permissionless layer-one blockchain designed for institutional finance, emphasizing privacy, compliance, and scalability. Bringing JPM Coin natively to Canton aims to create regulated, interoperable digital money that settles instantly across the ecosystem. The integration will proceed in phases through 2026, focusing first on the technical frameworks for issuing, transferring, and redeeming JPMD. The partners also intend to explore integrating other Kinexys products, like blockchain deposit accounts, to enhance onchain cash management for institutional DeFi workflows.
(Source：Cointelegraph)