JPMorgan plans to issue JPM Coin on Canton Network

Digital Asset and Kinexys by J.P. Morgan have announced their intent to issue JPM Coin on the Canton Network.

Launched on Base in late 2025, JPM Coin (ticker: JPMD) is aimed at enabling instant, 24/7 global settlements for institutional clients, addressing the limitations of traditional banking hours and multi-day settlement delays.

The expansion into the Canton Network enables JPM Coin to operate natively on a privacy-enabled, interoperable blockchain, allowing regulated digital cash to move faster, more efficiently, and securely across financial markets.

Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, said the move “delivers the security of bank-issued deposits and settlements, combined with the speed and innovation of 24/7, near real-time blockchain transactions.”

“This collaboration brings to life the vision of regulated digital cash that can move at the speed of markets,” said Yuval Rooz, Co-Founder and CEO of Digital Asset. “By bringing JPM Coin natively to Canton, we’re establishing the foundation for modernizing the existing financial rails to facilitate the more efficient flow of capital.”

The integration is set to roll out in phases during 2026, beginning with the technical and business frameworks needed to issue, transfer, and redeem JPM Coin nearly instantly on Canton.

The partnership will also look into further integrating Kinexys Digital Payments products, including J.P. Morgan’s Blockchain Deposit Accounts, to broaden functionality for participants in the Canton ecosystem.

Backed by major global banks and technology firms, Canton Network allows banks and market operators to synchronize assets and payments across systems atomically, reducing settlement risk and unlocking scalable tokenized markets.

The network has been chosen by the Depository Trust & Clearing Corporation to enable tokenization of US Treasury securities, building a privacy-preserving, regulated infrastructure suitable for broad institutional adoption.