JPMorgan Chase deploys JPM Coin to the Canton network
TL;DR
JPMorgan's Kinexys division has deployed JPM Coin to the Canton network, marking its second expansion after launching on Base in November 2025. JPM Coin is a USD deposit token for institutional clients, enabling 24/7 instant peer-to-peer transactions as an alternative to stablecoins.
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According to ChainCatcher, as reported by The Block, JPMorgan's blockchain and digital payments division, Kinexys, announced the deployment of JPM Coin (JPMD) to the Canton network. This is the second expansion following its launch on Base, an Ethereum Layer 2 network supported by Coinbase, in November 2025.
JPM Coin is a USD deposit token issued by JPMorgan Chase, providing institutional clients with an alternative to stablecoins and supporting 24/7 instant peer-to-peer transactions.