TLDR
- JPMorgan will issue its JPM stablecoin directly on the privacy-focused Canton Network.
- The initiative is a collaboration between JPMorgan’s Kinexys unit and Digital Asset.
- The Canton Network supports synchronized settlement across multiple asset classes.
- The rollout will begin in phases throughout 2026 with a focus on technical integration.
- JPM Coin represents tokenized U.S. dollar deposits held with JPMorgan.
JPMorgan’s blockchain division Kinexys will issue its JPM stablecoin natively on the Canton Network, in partnership with Digital Asset, aiming to bring institutional-grade digital money directly to a privacy-enabled, synchronized blockchain system for financial markets.
JPM Stablecoin to Launch on Canton Through Phased Integration
JPMorgan and Digital Asset confirmed that the bank-issued JPM Coin (JPMD) will be issued directly on the Canton Network. The firms aim to support real-time settlement of digital cash and tokenized assets across compliant financial platforms. The Canton Foundation oversees the network, which supports synchronized financial transactions across asset classes.
The partnership will begin implementation in phases during 2026, focusing first on technical and business setup. This includes enabling issuance, transfers, and near-instant redemption of JPMD on Canton infrastructure. The firms said this initiative will drive efficiency while maintaining institutional privacy and control.
Yuval Rooz, CEO of Digital Asset, said, “This delivers regulated digital cash that can move at the speed of markets.” The network supports 24/7 financial activity with integrated smart contract capabilities. JPMorgan’s approach connects traditional finance with blockchain functionality without compromising regulatory requirements.
Digital Cash to Settle Alongside Tokenized Assets
The JPM stablecoin represents U.S. dollar deposits held with JPMorgan and is used by institutional clients for blockchain-based payments. With JPMD on Canton, clients will gain access to programmable payments in a secure, interoperable environment. The platform ensures compliance and privacy for all participants.
The Canton Network enables synchronized settlement and asset movement across institutions in real time. Its design supports smart contracts while preserving data confidentiality between parties. Institutions have already used Canton for U.S. Treasury financing transactions outside normal trading hours.
Naveen Mallela, global co-head of Kinexys, said, “This can increase efficiency and unlock liquidity through near-real-time blockchain transactions.” The project also opens future integration for J.P. Morgan’s other blockchain services. This includes Blockchain Deposit Accounts and other digital payment products.
Institutions Back Canton for Regulated Blockchain Settlements
Canton Network has seen growing institutional participation, including from the Depository Trust & Clearing Corporation. DTCC selected the Canton Network to support tokenization of traditional finance instruments. This demonstrates institutional confidence in the network’s privacy and compliance frameworks.
Canton is governed by the Canton Foundation, with participation from global financial institutions. It facilitates regulated settlement across various asset classes on shared infrastructure. The framework aligns with existing regulatory and operational requirements in traditional finance.
Digital Asset and JPMorgan will explore expanding the ecosystem with more payment products. The collaboration aims to establish a foundation for regulated digital finance infrastructure. Technical and compliance preparations will guide the next stages of integration through 2026.
The partnership focuses on building a secure ecosystem for issuing, redeeming, and transferring digital dollars. Both firms will ensure all stages follow regulatory, technical, and operational standards. The integration of JPMD into Canton represents the latest development in blockchain-based financial infrastructure.
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