JPMorgan Expands Blockchain Reach With Canton-Based JPM Coin Launch

TLDR

• JPMorgan’s blockchain unit Kinexys will issue JPM Coin directly on the Canton Network in 2026.
• The partnership with Digital Asset aims to enable real-time, compliant, and secure blockchain-based money transfers.
• JPM Coin will offer institutions near-instant issuance, transfer, and redemption within the regulated Canton ecosystem.
• The integration supports enhanced liquidity management and capital efficiency across financial markets.
• Kinexys plans to bring additional digital payment products like Blockchain Deposit Accounts to Canton.

JPMorgan’s blockchain division Kinexys will issue its digital deposit token JPM Coin directly on the Canton Network this year, enabling faster, secure money movement for institutions while maintaining regulatory compliance, according to a joint announcement from Kinexys and Digital Asset.

JPM Coin to Launch Natively on Canton Network

Kinexys confirmed plans to bring JPM Coin natively onto the Canton Network in 2026. This development will allow direct issuance, redemption, and transfers of the token on Canton’s blockchain infrastructure.

The initiative addresses growing institutional demand for seamless blockchain-based payments. It supports enhanced privacy, compliance, and real-time settlement across regulated financial markets.

Yuval Rooz, CEO of Digital Asset, said the partnership helps bring regulated digital cash “to the speed of markets.” He emphasized that it sets the groundwork for modern financial infrastructure.

Integration to Support Payments, Settlements, and Liquidity

JPM Coin will offer institutions near-instant settlement capabilities on Canton. It represents a digital version of U.S. dollar deposits held at JPMorgan, backed by the bank.

Unlike privately-issued stablecoins, JPM Coin is a direct claim on JPMorgan deposits. It combines traditional banking protections with blockchain settlement efficiency.

The Canton integration will proceed in stages through 2026. Initial work will focus on technical setup and commercial alignment to support token operations.

Naveen Mallela, global co-head of Kinexys, said the move enhances liquidity and capital efficiency across markets. He noted that institutions will benefit from secure and always-available transactions.

JPMorgan Plans Expansion of Digital Offerings Through Kinexys

The two companies plan to extend their collaboration beyond JPM Coin. They aim to onboard other Kinexys Digital Payments solutions to Canton’s ecosystem.

Future integrations may include JPMorgan’s Blockchain Deposit Accounts. This would broaden the suite of bank-backed digital payment instruments available on Canton.

The move supports the creation of a synchronized environment for cross-market financial activity. It aligns with industry goals of streamlining settlements and reducing friction.

In December, JPMorgan’s asset management arm announced its first tokenized money market fund. The My OnChain Net Yield Fund, or “MONY,” runs on Ethereum and Kinexys Digital Assets.

JPMorgan seeded MONY with $100 million of its own capital. It intends to open the fund to external institutional investors after the launch phase.

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