JPMorgan Chase & Co. is advancing its digital asset strategy by planning to issue its JPM Coin (ticker: JPMD) nativelyon the Canton Network, marking a major expansion of the bank-issued USD deposit token onto public blockchain infrastructure. The move underscores the firm’s broader multi-chain approach to modernize institutional payments and settlement systems.
Native Issuance on Canton: A New Milestone
In a joint announcement from Digital Asset and Kinexys by JPMorgan, the two firms revealed plans to integrate JPM Coin directly into the Canton Network, a public, Layer-1 blockchain built to support institutional finance with enhanced privacy, compliance features and synchronized settlement across asset classes.
JPM Coin is a bank-issued digital deposit token that represents a claim on U.S. dollar deposits held at JPMorgan. Designed primarily for institutional clients, it enables near-instant, 24/7 settlement on distributed ledgers as a regulated alternative to traditional stablecoins.
Unlike many blockchain tokens tied to reserve assets, JPM Coin’s structure ensures regulatory safeguards by representing actual bank deposits — blending familiar banking trust with blockchain settlement capabilities.
Public Blockchain Adoption and Multi-Chain Strategy
The Canton Network integration follows a successful pilot of JPM Coin on Coinbase’s Base network, an Ethereum-based Layer-2 chain, which went live in November 2025 for institutional test cases. JPMorgan’s rollout onto Canton represents its second major public blockchain deployment and a strategic step toward a multi-chain future for JPMD.
“By bringing JPM Coin natively to Canton, we’re establishing the foundation for modernizing existing financial rails to facilitate more efficient capital flow while preserving privacy, compliance and trust,” said Yuval Rooz, co-founder and CEO of Digital Asset, in an official statement.
The integration aims to allow institutions operating on Canton to issue, transfer, and redeem JPMD near-instantly in a regulated and interoperable ecosystem. JPMorgan and Digital Asset said they will take a phased approach throughout 2026, first establishing technical and business frameworks before broader deployment.
Bridging TradFi and Blockchain Infrastructure
The Canton Network, governed by the Canton Foundation and supported by major financial players including Goldman Sachs, BNP Paribas and Deutsche Börse, is purpose-built for institutional settlement and synchronized execution of assets and cash on a shared blockchain.
This development signals increasing convergence between traditional finance and decentralized infrastructure, as regulated digital cash seeks broader adoption beyond internal bank networks. JPMorgan’s Global Co-Head of Kinexys, Naveen Mallela, emphasized that native issuance on Canton could unlock liquidity and boost transactional efficiency for institutional participants.
Looking Ahead
The Canton Network deployment is part of a broader strategy by JPMorgan to expand its blockchain ecosystem — from deposit tokens and digital payment products to blockchain deposit accounts and other next-generation financial instruments. JPM Coin’s native issuance represents a critical step toward embedding regulated digital money within public blockchain infrastructure used by institutional finance.
As JPMorgan continues its phased rollout, the industry will be watching closely to see how traditional banking assets and digital asset technologies merge to support faster settlement, improved liquidity and enhanced compliance across global markets.
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