JPMorgan’s Kinexys blockchain unit announced plans Wednesday to launch its JPM Coin on Canton Network, the rising privacy-enabled network designed for financial markets. The firm is working with Digital Asset, the company behind Canton, to expand the token’s reach.
"This collaboration moves the industry forward in transacting on public blockchains,” said Kinexys Global Co-Head Naveen Mallela, in a statement. ”In bringing JPM Coin to Canton, we can further increase efficiency and unlock liquidity."
The collaboration will proceed in phases throughout 2026, initially focusing on establishing technical and business frameworks for JPM Coin's issuance, transfer, and redemption on Canton. Once natively available on Canton, institutions will be able to issue, transfer, and redeem JPMD near-instantly.
Future phases may explore integrating additional Kinexys Digital Payments products, including JPMorgan's Blockchain Deposit Accounts, to expand capabilities for Canton ecosystem users.
"This collaboration brings to life the vision of regulated digital cash that can move at the speed of markets," said Digital Asset co-founder and CEO Yuval Rooz, in a statement. "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, bridging traditional finance and digital infrastructure in a way that preserves privacy, compliance, and trust."
Canton Network has earned support from other financial giants in recent months.
