JPMorgan to Bring JPM Coin to Canton Network in Push for Real-Time Institutional Settlement

J.P. Morgan’s blockchain business unit, Kinexys, has partnered with Digital Asset to bring its bank-issued USD deposit token, JPM Coin (JPMD), natively to the Canton Network, marking a significant step in the evolution of institutional blockchain adoption. The move reflects a growing shift by major financial institutions toward real-time, interoperable digital money that can settle seamlessly alongside tokenized assets and smart contracts.

JPM Coin represents U.S. dollar deposits held at J.P. Morgan and enables institutional clients to conduct payments using a digital token on distributed ledger technology. By issuing JPMD directly on the Canton Network, J.P. Morgan and Digital Asset aim to expand the availability of regulated, interoperable digital cash that can be issued, transferred, and redeemed within a secure and privacy-enabled blockchain environment. This integration is designed to support synchronized settlement across multiple asset classes while meeting institutional requirements for compliance and confidentiality.

The announcement comes amid increasing institutional support for blockchain-based settlement infrastructure. The Depository Trust & Clearing Corporation recently selected the Canton Network to advance the tokenization of traditional financial instruments, underscoring the network’s growing credibility within global capital markets. Institutions participating in 24/7 U.S. Treasury financing on Canton have already demonstrated the network’s potential by using tokenized assets to settle transactions outside standard market hours, highlighting the benefits of continuous, always-on markets.

According to Digital Asset co-founder and CEO Yuval Rooz, the collaboration delivers regulated digital cash that can move at market speed, bridging traditional financial infrastructure with modern blockchain technology while preserving privacy and regulatory standards. Naveen Mallela, global co-head of Kinexys at J.P. Morgan, noted that bringing JPM Coin to Canton could enhance operational efficiency and unlock liquidity through near-real-time blockchain transactions.

The integration will roll out in phases throughout 2026, beginning with the establishment of technical and business frameworks to support JPM Coin issuance, transfer, and near-instant redemption on the Canton Network. The partners will also explore connecting additional Kinexys Digital Payments offerings, including J.P. Morgan’s Blockchain Deposit Accounts, further expanding the ecosystem for institutional digital payments and tokenized finance.