JPMorgan Achieves New Milestone with JPM Coin on the Canton Network

Updated

January 8, 2026

Gambar JPMorgan Achieves New Milestone with JPM Coin on the Canton Network

Jakarta, Pintu News – JPMorgan has stated that it will migrate its blockchain-based deposit token, JPM Coin, to the Canton Network. The move comes after previously launching on the Coinbase Base network by the end of 2025.

This action shows how major banks are starting to implement real applications of blockchain technology. It is also a sign of growing interest in on-chain transaction settlement and the use of tokenized money for business payment purposes.

JPM Coin Drives Institutional Finance Growth

JPM Coin is a dollar deposit held at JPMorgan and is available to institutions for faster settlement of transactions at any time of the day.

This development comes on the heels of growing demand from institutional clients for blockchain-based trading services, reinforcing JPMorgan’s move towards regulated digital finance.

The token allows clients to transfer funds through a blockchain network, replacing the conventional system. In a press release, JPMorgan stated that this expansion will open up access to liquidity and improve operational efficiency. The bank also emphasized that Canton Network supports privacy in controlled financial transactions.

Canton is backed by a number of leading global banks and market infrastructure companies, and is designed for institutional finance. Some of its key backers include Goldman Sachs, BNP Paribas, Deutsche Börse and BNY Mellon.

This network guarantees the protection of sensitive data after the transaction is finalized. In addition, Canton also supports tokenization trials for U.S. Treasuries and other real-world assets.

Can JPM Coin Drive Blockchain Adoption?

According to JPMorgan, the implementation of JPM Coin on the Canton network will be done gradually until the end of 2026. The bank stated that institutions can utilize JPM Coin to conduct cross-border transactions and on-chain settlement of digital assets.

One potential future integration is the opening of blockchain-based deposit accounts in Canton. Therefore, Kinexys – JPMorgan’s blockchain and digital payments division – is leading this initiative.

The launch marks a broader shift in banking towards blockchain-based financial infrastructure. Since 2019, JPMorgan has issued JPM Coin on its permissioned blockchain.

JPM Coin itself is a very different form of conventional stablecoin. This distinction reflects the cautious steps taken by JPMorgan, as it comes under increased scrutiny for stablecoin risks and focuses on regulated digital money. The token is issued directly by the regulated bank and backed by customer deposits.

Over time, JPMorgan has expanded its use of blockchain technology from closed networks to public and hybrid blockchain environments. This progress is evidence that banks are testing blockchain technology in a gradual and controlled manner before its widespread use.

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