Digital Asset and Kinexys by J.P. Morgan plan to issue USD deposit token JPM Coin (JPMD) natively on Canton, enabling near-instant settlement.
Digital Asset and Kinexys by J.P. Morgan said they intend to collaborate on the native issuance of Kinexys by J.P. Morgan’s deposit token product, JPM Coin, on the Canton Network.
The initiative is positioned as a step toward regulated, interoperable digital money that can move across synchronised financial markets on a privacy-enabled blockchain.
The companies described JPM Coin by Kinexys Digital Payments as a bank-issued, USD-denominated deposit token that enables institutional clients to make payments using a digital representation of J.P. Morgan USD deposits on a public distributed ledger.
By bringing JPM Coin natively to Canton, the network will be able to issue, transfer, and redeem JPMD near-instantly within a secure and synchronised environment. The announcement framed the integration as the foundation for modernising existing financial rails while maintaining privacy, compliance, and trust.
Yuval Rooz, Co-Founder and CEO of Digital Asset, said: “By bringing JPM Coin natively to Canton, we’re establishing the foundation for modernising the existing financial rails to facilitate the more efficient flow of capital, bridging traditional finance and digital infrastructure in a way that preserves privacy, compliance, and trust.”
Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, said: “JPM Coin delivers the security of bank-issued deposits and settlement, combined with the speed and innovation of 24/7, near real-time blockchain transactions.”
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