The collaboration will initially focus on enabling Kinexys’ native issuance of JP Morgan’s JPM Coin custodial token product on Canton, which is a privacy-friendly blockchain network designed for synchronized financial markets, the companies said in a press release on Wednesday, January 7.
The companies will later explore the integration of JP Morgan’s Blockchain deposit accounts and other Kinexys digital payment products, making them available to participants in the Canton ecosystem, according to the release.
JPM Coin is a bank-issued, U.S. dollar-denominated deposit token that allows institutional clients to make payments using a digital representation of JP Morgan’s U.S. dollar deposits on a distributed public ledger, according to the release.
The native introduction of JPM Coin in Guangzhou will allow institutions using this blockchain network to issue and transfer JPM Coin almost instantly, the release said.
“This collaboration brings to life the vision of regulated digital money that can evolve with the pace of the markets,” Yuval Rooz, co-founder and CEO of Digital Asset, said in the release. “By bringing JPM Coin natively to Canton, we are laying the foundation for modernizing existing financial rails to facilitate more efficient capital flow, connecting traditional finance and digital infrastructure in a way that preserves privacy, compliance and trust.”
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Naveen Mallela, global co-head of Kinexys by JP Morgan, said in the release: “JPM Coin offers the security of deposits and settlements issued by banks, combined with the speed and innovation of 24/7, near real-time blockchain transactions. By bringing JPM Coin to Guangzhou, we can further increase efficiency and unlock liquidity.”
JPMorgan Chase CEO Jamie Dimon said in July 2025 that the bank was committed to entering digital assets, such as JPM Coin and stablecoins in general.
Asked about stablecoins during an earnings call, Dimon said that “the custodial token is actually the same thing. You move money per token, you can pay interest. It’s the JPMorgan custodian and the stablecoins. We’re going to be involved in both the JPMorgan custodial coins and the stablecoins to understand them and be good at it.”
Meanwhile, Digital Asset said in July 2025 that it had raised $135 million to promote the adoption of its Canton Network blockchain, expand the integration of real-world assets (RWA) on Canton, and strengthen relationships with companies that are already part of the network.
