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Digital Asset and Kinexys by J.P. Morgan have announced their intention 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 synchronised financial markets.
JPM Coin by Kinexys Digital Payments is the first bank-issued USD-denominated deposit token 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. The product addresses growing demand from digitally native and traditional firms seeking faster and more secure money movement on public blockchain infrastructure.
The collaboration aims to establish a foundation for regulated, interoperable digital money that can move 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 synchronised ecosystem.
Yuval Rooz, Co-Founder and CEO of Digital Asset
Yuval Rooz, Co-Founder and CEO of Digital Asset said:
“This collaboration brings to life the vision of regulated digital cash that can move at the speed of markets. By bringing JPM Coin natively to Canton, we're establishing the foundation for modernising 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
Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, commented on the development:
“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.
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