JPMorgan’s Kinexys Expands Digital Payments Push With Canton Network Partnership
2026-01-07 22:05
JPMorgan Chase’s blockchain unit Kinexys has announced on Tuesday it plans to bring its deposit token JPM Coin (JPMD) natively onto the Canton Network. The collaboration, unveiled in early 2026 alongside Digital Asset aims to allow the issuance, transfer and redemption of JPM Coin directly on Canton’s blockchain infrastructure. The move reflects growing institutional demand for faster, more secure money movement on public blockchain rails without sacrificing compliance or confidentiality. Regulated Digital Cash for Institutions JPM Coin is the first bank-issued U.S. dollar–denominated deposit token, providing institutional clients with a digital representation of U.S. dollar deposits held at JPMorgan. Unlike stablecoins issued by non-bank entities, JPM Coin represents a direct claim on bank deposits, combining traditional banking safeguards with blockchain-based settlement. By issuing JPM Coin natively on Canton, institutions operating within the network will be able to move digital cash near-instantly across markets, supporting payments, settlement, and liquidity management within...
