A new milestone has been reached in the integration of traditional finance and blockchain technology. In a press release on Wednesday, Digital Asset and Kinexys (JPMorgan Chase’s blockchain unit) announced their collaboration to issue the JPM Coin stablecoin natively on the Canton Network.
This partnership aims to integrate the deposit token into infrastructure designed to ensure confidentiality and synchronization for institutional financial markets.
JPM Coin integrated at the core of the Canton Network
At the heart of this initiative is the transfer of the JPM Coin stablecoin (symbol JPMD) to new blockchain infrastructure. This US dollar-denominated deposit token is issued by Kinexys and allows institutional clients to make payments using a digital representation of funds held at JPMorgan.
By deploying the token on the Canton Network, the two organizations aim to offer a solution that operates on a public blockchain while complying with stringent banking standards. The goal is to enable institutions to issue, transfer, and exchange liquidity almost instantaneously.
The agreement lays the foundation for a regulated and interoperable digital currency, facilitating smooth capital flows within a secure ecosystem.
Meeting the need to modernise financial flows
This initiative responds to the growing demand from both digital-native companies and traditional businesses for faster, more secure fund transfers. Naveen Mallela, JPMorgan’s global co-head of Kinexys, emphasized that the collaboration combines the security of bank settlements with the speed of 24/7 blockchain transactions.
“This collaboration will advance the public blockchain transaction industry,” she said. “JPM Coin offers the security of bank deposits and settlements combined with the speed and innovation of near-instant blockchain transactions. Integrating JPM Coin into Canton will increase efficiency and free up liquidity.”
Yuval Rooz, CEO of Digital Asset, added that integrating JPM Coin on the Canton Network is a necessary step to modernize financial infrastructure. “This collaboration brings to life the vision of a regulated digital currency that moves at market speed. By embedding JPM Coin natively into Canton, we facilitate efficient capital flows and connect traditional finance with digital infrastructure while preserving privacy, compliance, and trust.”
Rollout scheduled in phases for 2026
The JPM Coin stablecoin will be gradually rolled out on the Canton Network throughout 2026. Initially, the teams from Digital Asset and Kinexys will focus on building the technical and commercial foundations required for token issuance and redemption directly on the network.
Later, the collaboration could extend to other digital payment products from JPMorgan, such as blockchain deposit accounts, enhancing the services offered to ecosystem participants.
Towards reinforced interconnection between global markets
As a public blockchain focused on institutional finance, the Canton Network aims to demonstrate that open blockchain technology can coexist with regulatory requirements.
Integrating a major payment instrument issued by a leading bank could validate this shared infrastructure model. If the planned 2026 milestones are achieved, the initiative may accelerate the adoption of tokenized settlements, potentially transforming global liquidity flows.
Source: PR Newswire
