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Despite its CEO Jamie Dimon being anti-BIT, JPMorgan continues to make moves related to cryptocurrencies.
Accordingly, the latest move came from JPMorgan’s blockchain and digital payments unit, Kinexys.
According to the official announcement, JPMorgan plans to collaborate on integrating JP Morgan’s US dollar deposit token, JPM Coin (JPMD), natively into the Canton Network.
As part of the planned collaboration, JPMD, a deposit token issued by JP Morgan representing US dollar deposits held at the bank, will be issued directly on Canton, a privacy-enhancing blockchain network designed for synchronized financial markets.
This marks the token’s second expansion since its launch on Coinbase’s Ethereum Layer 2 network, Base, in November 2025.
JPM Coin is a US dollar deposit token issued by JPMorgan, designed to offer institutional clients an alternative stablecoin solution supporting 24/7 instant peer-to-peer transactions.
Kinexys Global Co-Head Naveen Mallela stated, “This collaboration is moving the industry forward in terms of transacting on public blockchains. By bringing JPM Coin to Canton, we can further increase efficiency and free up liquidity.”
Developed by blockchain infrastructure firm Digital Asset, Canton is a network supported by Goldman Sachs, BNP Paribas, Deutsche Börse, BNY Mellon, and other financial institutions.
*This is not investment advice.