JPMorgan plans to issue JPM Coin on Canton Network
JPMorgan and Digital Asset will issue JPM Coin on the privacy-enabled Canton Network for 24/7 institutional settlements.Summary
JPMorgan, through its Kinexys division, and Digital Asset have announced plans to issue JPM Coin on the Canton Network. JPM Coin, a USD-denominated deposit token launched on Base in late 2025, is designed to facilitate instant, 24/7 global settlements for institutional clients, overcoming the constraints of traditional banking hours.
Operating natively on the Canton Network, which is a privacy-enabled and interoperable blockchain, will allow regulated digital cash to move more efficiently and securely across financial markets. Naveen Mallela of Kinexys stated this combines the security of bank deposits with the speed of near real-time blockchain transactions. Yuval Rooz of Digital Asset noted this establishes a foundation for modernizing financial rails.
The integration is scheduled for phased rollout in 2026, starting with the frameworks for instant issuance, transfer, and redemption of JPM Coin on Canton. The partnership will also explore integrating other Kinexys Digital Payments products. Canton Network, backed by major firms, is designed for regulated institutional adoption, enabling atomic synchronization of assets and payments.
(Source：Crypto Briefing)