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JPMorgan’s Kinexys Expands Digital Payments Push With Canton Network Partnership

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JPMorgan Chase’s blockchain unit Kinexys has introduced on Tuesday it plans to deliver its deposit token JPM Coin (JPMD) natively onto the Canton Network.

The collaboration, unveiled in early 2026 alongside Digital Asset goals to permit the issuance, switch and redemption of JPM Coin immediately on Canton’s blockchain infrastructure.

The transfer displays rising institutional demand for quicker, safer cash motion on public blockchain rails with out sacrificing compliance or confidentiality.

Regulated Digital Cash for Institutions

JPM Coin is the primary bank-issued U.S. greenback–denominated deposit token, offering institutional purchasers with a digital illustration of U.S. dollar deposits held at JPMorgan.

Unlike stablecoins issued by non-bank entities, JPM Coin represents a direct declare on financial institution deposits, combining conventional banking safeguards with blockchain-based settlement.

By issuing JPM Coin natively on Canton, establishments working inside the community will be capable to transfer digital money near-instantly throughout markets, supporting funds, settlement, and liquidity administration inside a regulated framework.

The integration is designed to attraction to each digitally native companies and conventional monetary establishments in search of to modernize cost infrastructure whereas sustaining belief and regulatory oversight.

Bridging Traditional Finance and Blockchain Infrastructure

Executives from each side framed the partnership as a foundational step towards interoperable digital cash. Yuval Rooz co-founder and CEO of Digital Asset, stated the collaboration brings the idea of regulated digital money “to the velocity of markets,” serving to modernize present monetary rails.

Naveen Mallela, world co-head of Kinexys by J.P. Morgan explains that JPM Coin combines the safety of bank-issued deposits with the continual availability of blockchain-based transactions.

Mallela added that bringing JPM Coin onto Canton has the potential to unlock liquidity and enhance capital effectivity throughout monetary markets.

A Phased Rollout Through 2026

The integration will observe a phased method all through 2026. Initial efforts will concentrate on establishing the technical and industrial foundations required to help native issuance, switch, and near-instant redemption of JPM Coin on Canton. Once reside taking part establishments will be capable to use JPM Coin immediately inside the Canton ecosystem.

Beyond JPM Coin, the companions will discover integrating extra Kinexys Digital Payments merchandise, together with JPMorgan’s Blockchain Deposit Accounts.

Expanding the vary of bank-backed digital cost devices out there on Canton may additional improve its position as a hub for synchronized, cross-market monetary exercise.

JPMorgan to Launch Tokenized Money-Market Fund on Ethereum

In December reports emerged JPMorgan Chase’s $4 trillion asset-management division is launching its first tokenized money-market fund on the Ethereum blockchain.

The financial institution will initially seed the automobile with $100 million of its personal capital earlier than opening it to exterior traders. The non-public fund known as the My OnChain Net Yield Fund or “MONY” is constructed on JPMorgan’s in-house tokenization platform, Kinexys Digital Assets.

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