Digital Asset and Kinexys are preparing a major expansion of jpm coin that will test how regulated money moves across public blockchain infrastructure.
J.P. Morgan’s deposit token heads to Canton Network
On Wednesday, Jan. 7, Digital Asset and Kinexys by J.P. Morgan unveiled plans to issue J.P. Morgan’s JPM Coin (JPMD) natively on the Canton Network, described as a public, privacy-focused Layer 1 blockchain.
The initiative will allow the USD-denominated deposit token, which is backed by J.P. Morgan deposits, to be issued, transferred, and redeemed directly on Canton. Moreover, according to a press release viewed by The Defiant, the rollout will occur in phases throughout 2026.
The phased strategy is designed to preserve institutional safeguards while shifting key payment rails onto shared blockchain infrastructure. That said, the project still targets the same regulatory and operational standards used in traditional markets.
Privacy, compliance and near real-time settlement
According to Yuval Rooz, co-founder and CEO of Digital Asset, the collaboration aims to demonstrate how regulated digital money can operate on blockchain systems while maintaining privacy and compliance requirements for major institutions.
“With JPMD issued directly on Canton, cash can sync with assets and smart contracts across markets, meaning settlement can happen in near real time instead of being locked up on legacy rails,” Rooz told The Defiant. However, he emphasized that the infrastructure is being built to meet existing institutional expectations.
He added that the effort focuses on bringing deposit tokens, tokenized assets, and institutional workflows onto the same public network. Moreover, the convergence of these components is intended to streamline operations that currently span multiple systems.
Rooz argued that this convergence matters because it lets cash and assets move together, settle faster, and operate with the same confidence institutions expect today, but with the efficiency of modern digital infrastructure. In practice, that means synchronizing asset transfers and payment flows on-chain.
Kinexys Digital Payments and broader Canton strategy
The partners said they will also explore adding other Kinexys Digital Payments products to Canton. That includes J.P. Morgan’s blockchain deposit accounts, which could extend the network’s role in institutional cash management.
At the same time, the plan to have jpm coin on canton illustrates how large banks are experimenting with public networks that emphasize data protection. Canton is positioned as a shared ledger where participants retain granular control over transaction visibility.
Canton’s native token CC is currently trading at $0.133, down 3% on the day, according to CoinGecko. However, the token’s price action remains secondary to the network’s push to attract regulated financial institutions.
DTCC tests and growing institutional adoption
The announcement follows the adoption of the Canton Network by the Depository Trust & Clearing Corporation (DTCC), a critical market infrastructure for U.S. securities. In December 2025, the DTCC decided to use Canton to test tokenized U.S. Treasuries, citing its privacy features on a shared blockchain, The Defiant previously reported.
These DTCC experiments highlight how canton’s privacy architecture is being applied to sensitive capital markets workflows. Moreover, the tests suggest that large post-trade utilities see potential in aligning tokenized securities with onchain payment instruments.
The collaboration with DTCC adds momentum to a broader institutional turn toward tokenized assets and onchain settlement. That said, most of these pilots still operate within controlled environments, reflecting the sector’s cautious approach.
J.P. Morgan’s wider tokenization push
The move also extends J.P. Morgan’s ongoing efforts to bring traditional financial products on-chain. Last month, the bank launched a tokenized money market fund on Ethereum, signaling continued interest in blockchain-based investment vehicles.
Meanwhile, in November 2025, Alibaba said it plans to launch a stablecoin-like global payments system using J.P. Morgan’s blockchain technology. Moreover, that announcement followed J.P. Morgan’s launch of its tokenized deposit asset, JPMD, on Coinbase’s Layer 2 network.
Together, these initiatives reflect a multi-chain strategy that spans Ethereum, exchange-operated Layer 2 solutions, and Canton. The expansion of jpm coin on canton is positioned as another step toward integrated, onchain institutional settlement across different platforms.
In summary, the phased 2026 rollout of JPMD on Canton, combined with DTCC tests and J.P. Morgan’s broader tokenization agenda, underscores how large financial institutions are gradually migrating core cash and securities functions onto programmable, privacy-aware blockchain networks.
Source: https://en.cryptonomist.ch/2026/01/07/jpm-coin-canton-rollout-2026/
