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.