Digital Asset and Kinexys by J.P. Morgan Announce Intention to Bring USD JPM Coin (JPMD) Natively to the Canton Network

Digital Asset and Kinexys by J.P. Morgan, the firm’s industry leading blockchain business unit, today announced their intent to collaborate on the native  issuance of Kinexys by J.P. Morgan’s deposit token product, JPM Coin (ticker: JPMD) on the  Canton Network, a privacy-enabled blockchain network designed for synchronized financial  markets. 

JPM Coin by Kinexys Digital Payments is the first bank-issued USD-denominated deposit token  (ticker: JPMD) and provides institutional clients with the ability to make payments using a digital  representation of J.P. Morgan USD deposits on a public distributed ledger. This innovation  helps meet the growing demand from both digitally native and traditional firms seeking faster,  easier, and more secure money movement on public blockchain infrastructure. 

In bringing JPM Coin natively to Canton, Digital Asset and Kinexys by J.P. Morgan are laying  the foundation for regulated, interoperable digital money that can move seamlessly across  financial markets. With native availability of JPM Coin, institutions using Canton will be able to  issue, transfer, and redeem JPMD near-instantly within a secure and synchronized ecosystem. 

“This collaboration brings to life the vision of regulated digital cash that can move at the  speed of markets,” said Yuval Rooz, Co-Founder and CEO of Digital Asset. “By bringing  JPM Coin natively to Canton, we’re establishing the foundation for modernizing the  existing financial rails to facilitate the more efficient flow of capital, bridging traditional  finance and digital infrastructure in a way that preserves privacy, compliance, and trust.” 

Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, said, “This collaboration  moves the industry forward in transacting on public blockchains. JPM Coin delivers the  security of bank-issued deposits and settlement, combined with the speed and innovation  of 24/7, near real-time blockchain transactions. In bringing JPM Coin on to Canton, we  can further increase efficiency and unlock liquidity.”  

Under the terms of the collaboration, Digital Asset and Kinexys by J.P. Morgan will take a  phased approach to the integration throughout 2026. The initial focus will be on establishing the  technical and business frameworks necessary to support the issuance, transfer, and near instant redemption of JPM Coin directly on Canton. The collaboration will also explore additional  integrations of other Kinexys Digital Payments products, including J.P. Morgan’s Blockchain  Deposit Accounts, to expand the offering and capabilities available to Canton ecosystem  participants.