Overview
- Kinexys and Digital Asset announced plans to bring JPM Coin directly onto the Canton Network, a public chain built for institutional finance with configurable privacy.
- The deployment will proceed in phases through 2026, starting with technical and commercial foundations to enable native issuance, transfer, and near‑instant redemption.
- JPM Coin is a U.S. dollar–denominated deposit token representing a direct claim on JPMorgan deposits, positioned as a regulated alternative to non‑bank stablecoins.
- The partners are evaluating additional Kinexys Digital Payments offerings for Canton, including JPMorgan’s Blockchain Deposit Accounts.
- The initiative extends JPMorgan’s multi‑chain strategy that includes JPM Coin on Base and tokenization efforts such as the $100 million MONY fund, as Canton gains traction with pilots from market infrastructure firms like DTCC.