Regulated digital cash moving at market speed is a core aim, with JPM Coin on Canton expected to modernize financial rails and improve capital flow.

JPMorgan will launch JPM Coin (JPMD) natively on the Canton Network in 2026 through a collaboration between Digital Asset and Kinexys Digital Payments, expanding JPM Coin from its current infrastructure to a public, institutional-grade blockchain.

The 2026 plan unfolds in phases, starting with establishing the technical and business framework to issue, transfer, and redeem JPMD on Canton near-instantly, with potential expansion to include other Kinexys products and on-chain cash management for participants.

The move is designed to boost on-chain settlement efficiency and liquidity for JPM Coin, with Kinexys pursuing a phased JPMD deployment this year and exploring further integrations such as bringing JPM's Blockchain Deposit Accounts to Canton.

The Canton Network has attracted around 400 participants, including BNP Paribas, DRW, and Goldman Sachs, and aims to enable tokenized deposit transfers across networks, with potential interoperability with firms like DBS.

Canton is a public, permissionless layer-one for institutional finance, prioritizing privacy, compliance, and scalability, governed by the Canton Foundation with major financial institution participation; its native token is Canton Coin.

The JPM Coin collaboration envisions the token as a digital claim on JPMorgan U.S. dollar deposits on distributed ledgers, delivering bank-backed security with near real-time settlement on public blockchains.

As a deposit token, JPM Coin is designed to facilitate near-instant, 24/7 peer-to-peer transfers and settlements for institutional clients.

Digital Asset’s Yuval Rooz described the venture as bringing regulated digital cash to life that moves at market speed, while Kinexys’ Naveen Mallela highlighted the security of bank-issued deposits paired with 24/7 settlement.

Comment requests from Cointelegraph on use cases, regulatory perimeter, and projected transaction volumes were not detailed at publication.

Canton is built by Digital Asset and backed by a consortium of banks and firms, enabling configurable privacy for regulatory and operational needs on a public blockchain.

JPM Coin is a bank-issued deposit token representing U.S. dollar deposits, pitched as an institutional alternative to stablecoins for near-instant, 24/7 on-chain settlements and transfers.