JPMorgan’s Kinexys unit plans to launch its US dollar deposit token JPM Coin natively on the Canton Network.
Digital Asset and Kinexys said the move will extend JPM Coin beyond the bank’s existing infrastructure onto a public blockchain.
JPMorgan has already piloted JPM Coin on Coinbase’s Base network and plans to support multiple public chains.
The bank described JPM Coin as the first bank-issued, USD-denominated deposit token designed for institutional clients.
The expansion targets growing demand for faster and more secure onchain payments from traditional and digital-native firms.
This collaboration brings to life the vision of regulated digital cash that can move at the speed of markets.
Yuval Rooz said.
Naveen Mallela said the partnership combines bank-grade security with near real-time blockchain settlement.
The Canton Network is a public layer-one blockchain built for institutional finance with privacy and compliance features.
Canton Coin underpins governance and application development across the network.
Canton Coin has gained attention following tokenised US Treasury pilots on the network.
The partners plan a phased integration through 2026, starting with issuance and settlement of JPM Coin on Canton.
Further Kinexys payment products may later be added to expand onchain cash management options.