JPMorgan to launch JPM Coin on Canton Network

JPMorgan, through its Kinexys unit, plans to bring its USD JPM Coin (JPMD) to the Canton Network, a public blockchain designed for institutional finance to allow the bank’s depository token to operate outside of JPMorgan’s private systems and move directly onto a regulated public blockchain.

The move follows an earlier pilot in which JPM Coin was deployed on Coinbase’s core network, showing JPMorgan’s broader multi-chain approach. JPM Coin is a bank-issued, US dollar-denominated depository token designed for institutional clients. It represents a digital claim on actual U.S. dollar deposits held at JPMorgan.

The goal is to allow businesses to move money faster and more securely using blockchain technology, while relying on traditional bank deposits rather than stablecoins. Digital Asset, the company behind the Canton Network, said the partnership helps bring the idea of ​​a regulated digital currency to fruition.

🚨JPM COIN EXPANDS TO CANTON NETWORK

JP Morgan deploys JPM Coin on the Canton network, its second permissionless blockchain after Base.

Canton is backed by Goldman Sachs, BNP Paribas, Deutsche Börse and BNY Mellon, providing configurable privacy for institutions. pic.twitter.com/ZrAP2MI96V

– Coinbureau (@coinbureau) January 7, 2026

JPM Coin is configured to secure real-time payments

JPMorgan said the use of public blockchains allows customers to benefit from near-instantaneous transactions, 24/7, while maintaining security and settlement guarantees of money issued by the bank. The Canton Network, a public, permissionless Layer 1 blockchain designed for large financial institutions, combines privacy, compliance, and scalability to support real-world financial use.

The Canton Foundation manages the network, with the support of major financial players. Its native token, Canton Coin, supports governance and development and has recently gained attention after tokenization pilots from the US Treasury.

By bringing JPM Coin to Guangzhou, the partners aim to create a regulated digital currency that can flow freely between different financial applications instead of remaining within a single bank’s system. They plan to roll out the integration in stages through 2026, starting with the issuance, transfer and exchange of JPM Coin on Guangzhou.

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