Digital Asset and Kinexys by J.P. Morgan said they intend to collaborate to bring J.P. Morgan’s USD-denominated deposit token product, JPM Coin (ticker: JPMD), to the Canton Network through native issuance, in a move aimed at enabling regulated digital money to circulate across privacy-enabled public blockchain infrastructure.
The companies said the effort would allow institutions operating on Canton to issue, transfer, and redeem JPMD near-instantly within a synchronized ecosystem built for institutional finance. JPM Coin is positioned as a digital representation of J.P. Morgan USD deposits that institutional clients can use to make payments on a public distributed ledger, addressing demand from both digitally native and traditional firms seeking faster, simpler, and more secure money movement.
By making JPM Coin natively available on Canton, Digital Asset and Kinexys framed the initiative as a step toward interoperable digital cash that can move seamlessly across markets, while maintaining the privacy, compliance, and trust requirements associated with regulated financial activity. Kinexys said the combination of bank-issued deposit settlement and near real-time blockchain transactions could increase efficiency and help unlock liquidity as activity migrates to always-on rails.
The parties said the work will proceed in phases throughout 2026, beginning with the technical and business frameworks required to support issuance, transfer, and near-instant redemption of JPM Coin directly on Canton. They also said they will explore potential integration of additional Kinexys Digital Payments products, including J.P. Morgan’s Blockchain Deposit Accounts, to broaden capabilities available to participants in the Canton ecosystem.
Canton is described as a public, permissionless blockchain designed specifically for synchronized financial markets, combining privacy, compliance, and scalability and governed by the Canton Foundation with participation from global financial institutions. Digital Asset, which created the Canton Network, said the collaboration supports its broader thesis that modernizing financial rails will require regulated digital money that can bridge traditional finance and decentralized infrastructure without sacrificing institutional safeguards.
KEY QUOTES:
“This collaboration brings to life the vision of regulated digital cash that can move at the speed of markets. 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.”
Yuval Rooz, Co-Founder and CEO, Digital Asset
“This collaboration moves the industry forward in transacting on public blockchains. JPM Coin delivers the security of bank-issued deposits and settlement, combined with the speed and innovation of 24/7, near real-time blockchain transactions. In bringing JPM Coin on to Canton, we can further increase efficiency and unlock liquidity.”
Naveen Mallela, Global Co-Head, Kinexys by J.P. Morgan
