JPMorgan launched JPM Coin on the Canton Network, marking its second deployment on a public blockchain after Base. The operation is carried out through Kinexys, the bank’s blockchain and digital payments division.
The JPMD token represents U.S. dollar deposits and serves as an institutional alternative to stablecoins, enabling near-instant, 24/7 transfers and settlements.
Canton, developed by Digital Asset and supported by Goldman Sachs, BNP Paribas, Deutsche Börse, and BNY Mellon, offers configurable privacy to meet regulatory and operational requirements. The network already hosts other institutional pilots, including DTCC’s U.S. Treasury bond tokenization.
The initial rollout includes phased access throughout 2026, with further integrations to be evaluated later, such as JPMorgan’s Blockchain Deposit Accounts. JPMD is expected to facilitate on-chain settlements and cross-border B2B transactions within a secure and synchronized ecosystem
Source: https://x.com/CantonNetwork/status/2008906876558225769
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