JPMorgan Chase is deepening its commitment to blockchain and digital finance by advancing plans to create interoperable digital money that can operate seamlessly across multiple blockchain networks, including a major new integration with the Canton Network.
The bank’s blockchain and digital payments division, Kinexys by JPMorgan, announced a collaboration with Digital Asset to bring its USD‑denominated deposit token, JPM Coin (ticker: JPMD), natively to the Canton Network, a public, privacy‑enabled blockchain designed for institutional finance. JPM Coin represents a digital claim on deposits held at JPMorgan and has already been deployed on Coinbase’s Base network for institutional clients, laying the groundwork for a broader multi‑chain strategy.
The initiative is part of JPMorgan’s broader blockchain ambitions, which go beyond internal bank transactions to regulated digital cash that can settle 24/7 and move with near‑real‑time speed across public and private ledgers. JPMorgan has signalled that this approach could unlock liquidity, improve settlement efficiency and support advanced tokenised financial markets by bringing traditional deposit‑based money into distributed ledger environments.
Under the partnership, Digital Asset and Kinexys plan a phased integration throughout 2026, with initial efforts focused on building the technical and business frameworks needed to support the native issuance, transfer and near‑instant redemption of JPM Coin on Canton. This will enable institutions using the network to issue and settle bank‑issued digital cash within a synchronized, privacy‑preserving ecosystem that aligns with regulatory compliance and traditional banking safeguards.
Yuval Rooz, co‑founder and CEO of Digital Asset, said the work aims to deliver “regulated digital cash that can move at the speed of markets,” bridging the gap between traditional financial infrastructure and modern blockchain systems. Naveen Mallela, global co‑head of Kinexys by JPMorgan, noted that issuing JPM Coin on Canton can help improve operational efficiency and unlock new liquidity pathways for institutional clients.
The Canton Network, developed with participation from global financial institutions, is designed to offer privacy‑focused, institutional‑grade blockchain infrastructure that supports synchronized settlement across tokenized assets and cash. By extending JPM Coin to this platform, JPMorgan is moving toward an interoperable digital money system that does not rely on a single blockchain, reflecting a shift in how regulated digital cash could support real‑time market activities and cross‑asset settlement.
This push builds on earlier JPMorgan blockchain initiatives, including rolling out JPM Coin on Base and exploring tokenised deposit frameworks with other banks.
