JPMorgan is launching the JPM Coin on the growing Canton Network

Source: PortaldoBitcoin Original Title: JPMorgan is Launching JPM Coin on the Growing Canton Network Original Link: https://portaldobitcoin.uol.com.br/jpmorgan-esta-lancando-o-jpm-coin-na-crescente-canton-network/ JPMorgan’s blockchain unit Kinexys announced plans to launch its JPM Coin on the Canton Network, the emerging privacy-focused network designed for financial markets. The company is working with Digital Asset, the firm behind Canton, to expand the token’s reach.

Initially launched on Base, the Ethereum layer 2 scalability network incubated by a compliance platform, JPM Coin (ticker: JPMD) is a bank-issued deposit token, denominated in US dollars, allowing institutional clients to make payments using a digital representation of JPMorgan deposits on public blockchain infrastructure.

“This collaboration drives the industry forward by enabling transactions on public blockchains,” said Naveen Mallela, co-head of global Kinexys. “By bringing JPM Coin to Canton, we can further increase efficiency and unlock liquidity.”

The collaboration will progress in phases throughout 2026, initially focusing on establishing technical and business frameworks for issuing, transferring, and redeeming JPM Coin on Canton. Once natively available on Canton, institutions will be able to issue, transfer, and redeem JPMD almost instantly.

Future phases may explore integrating other Digital Payments products from Kinexys, including JPMorgan’s Blockchain Deposit Accounts, to expand capabilities available to Canton ecosystem users.

“This collaboration brings to life the vision of regulated digital money that can move at market speeds,” said Yuval Rooz, co-founder and CEO of Digital Asset. “By bringing JPM Coin natively to Canton, we are laying the foundation to modernize existing financial infrastructures, enabling a more efficient flow of capital and connecting traditional finance to digital infrastructure in a way that preserves privacy, compliance, and trust.”

The Canton Network has been gaining support from other major financial players in recent months. Franklin Templeton announced in November plans to bring its tokenized fund platform to Canton, while in December, Depository Trust & Clearing Corporation — which processes $3.7 quadrillion in transactions annually — announced plans to issue tokenized securities on the network.

The native token of the Canton Network, CC, began trading in November and hit a new all-time high earlier this year, reaching a peak of $0.176 on January 1. Recently, it was trading at $0.135, still up 82% in the last month.