JPMorgan is taking another step toward real-time institutional settlement by issuing its JPM Coin directly on the Canton Network, a privacy-focused public blockchain designed for synchronized financial markets.
The initiative is being led by JPMorgan’s blockchain arm, Kinexys, in collaboration with Digital Asset.
Canton has emerged as a key platform for tokenized finance, with major institutions using it to settle transactions involving tokenized assets and smart contracts outside traditional market hours.
The Depository Trust & Clearing Corporation recently selected the network for tokenizing traditional financial instruments, signaling strong institutional backing.
JPM Coin represents U.S. dollar deposits held at JPMorgan and enables institutional clients to make digital payments on distributed ledgers.
By issuing the token natively on Canton, the firms aim to expand regulated, interoperable digital money that can be issued, transferred, and redeemed in a secure environment.
Executives said the move can improve efficiency, unlock liquidity, and bridge traditional finance with blockchain-based settlement.
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