Back
JPMorgan’s Kinexys Deploys JPM Coin on Canton Network

JPMorgan’s Kinexys Deploys JPM Coin on Canton Network

JP Morgan’s Kinexys and Digital Asset plan a phased rollout of JPM Coin on Canton Network through 2026, beginning with frameworks for direct issuance, transfer, and instant redemption.

ETH

Fact Check
The assessment is based on a single, highly credible primary source that directly corroborates the statement. The news article from The Block, a reputable publication in the digital assets industry with a high authority score, explicitly confirms that J.P. Morgan's Kinexys division is launching JPM Coin on the Canton Network. This source addresses all key elements of the user's query—JPMorgan, Kinexys, JPM Coin, and the Canton Network—in a single, coherent report. The second source, a search result from the social media platform X, has extremely low authority and relevance. While it mentions 'JPMorgan Kinexys,' it fails to provide any context or mention JPM Coin or the Canton Network. It offers no evidentiary value and does not contradict the information from the first source. Given the strong, direct, and unambiguous evidence from the authoritative news source and the absence of any conflicting information, the statement is determined to be likely true with a high degree of confidence.
    Reference: 1
Summary

JP Morgan’s blockchain division Kinexys, in collaboration with Digital Asset, announced plans to issue JPM Coin on the Canton Network in a phased rollout extending through 2026. The initial phase will focus on creating the framework for direct issuance, transfer, and instant redemption of the USD deposit token. Canton Network offers a privacy-focused infrastructure for financial institutions to conduct rapid transactions without exposing sensitive data. This follows Kinexys’ earlier deployment of JPM Coin on Ethereum Layer-2 Base in November 2025, underscoring JP Morgan’s strategy to expand fast, secure, and confidential blockchain-based payment networks for institutional use.

Terms & Concepts
  • Deposit token: A token representing a claim on bank deposits, enabling on-chain transfers while funds remain held at the bank.
  • Canton Network: A privacy-focused blockchain infrastructure for financial institutions to execute transactions quickly without revealing sensitive data.