JPMorgan’s Kinexys division will deploy its USD deposit token on Canton Network, marking the second public blockchain integration after launching on Base in November 2025.
Digital Asset and Kinexys by JPMorgan announced plans to bring JPM Coin natively to the Canton Network. The bank-issued deposit token represents claims on JPMorgan dollar deposits and targets institutional clients seeking faster settlement on blockchain infrastructure.
Yuval Rooz, co-founder and CEO of Digital Asset, stated the collaboration creates regulated digital cash moving at market speed. The Canton Network operates as a public, permissionless layer-1 blockchain built for institutional finance, combining privacy features with compliance and scalability under Canton Foundation governance.
Naveen Mallela, global co-head of Kinexys by JPMorgan, said the partnership advances industry progress in transacting on public blockchains. JPM Coin delivers bank-issued deposit security and settlement alongside 24/7 near real-time blockchain transaction speed and innovation, according to Mallela.
Canton Network aims to provide synchronized settlement across multiple asset classes on shared, interoperable infrastructure. The network’s native token, Canton Coin, supports decentralized governance and application development. Recent tokenized U.S. Treasury pilots on the network drove speculative interest in Canton Coin’s role as an institutional DeFi settlement asset.
Digital Asset and Kinexys will pursue phased integration through 2026, initially establishing technical and business frameworks to issue, transfer, and redeem JPMD near instantly on Canton. The partners plan to explore integration of other Kinexys Digital Payments products, including JPMorgan’s blockchain deposit accounts.
Read more: coinmarketcap.com
Source: CRYPTO WORLD NETWORK NEWS
