JPMorgan Expands Blockchain Strategy with JPM Coin on Canton Network

JPMorgan's Kinexys and Digital Asset plan to launch the JPM Coin deposit token on the Canton Network, marking their second public blockchain expansion after launching on the Base network in November 2025.
The rollout will occur in phases throughout 2026, with an initial focus on frameworks for issuance, transfer, and near-instant redemption of JPM Coin on Canton.
The collaboration may also integrate additional Kinexys products like Blockchain Deposit Accounts.

Platform Background

Canton Network, launched in July 2024, is designed specifically for institutional finance, offering privacy features for secure transactions without exposing sensitive data.
Notable participants include Goldman Sachs, DTCC, Deutsche Börse, BNP Paribas, and BNY Mellon.
Digital Asset CEO Yuval Rooz emphasized the partnership's potential to modernize financial infrastructure and enhance capital movement between institutions.
Digital Asset has raised substantial funding, including $135 million in June 2025 and investments from BNY, Nasdaq, and S&P Global in December 2025.

Kinexys handles $2-3 billion in daily transactions, with a cumulative volume surpassing $1.5 trillion since 2019.
Corporate clients such as BMW use Kinexys for automated treasury transfers.

JPM Coin was made available on Coinbase's Base network on Nov. 12, 2025, with clients including B2C2, Coinbase, and Mastercard.
The deposit token allows institutional clients to make payments using a digital representation of JPMorgan deposits on a public ledger, differing from stablecoins backed by reserves.
JPMorgan announced a framework with Singapore's DBS Bank on Nov. 11, 2025, to establish compatibility standards for tokenized deposit transfers across multiple blockchains.
Naveen Mallela, Kinexys Global Co-Head, stated that the Canton deployment aims to improve efficiency and liquidity access for institutional clients.