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Kinexys by J.P. Morgan, the bank’s digital asset unit, announced on January 7, 2026, its intent to issue JPM Coin (JPMD), a tokenized USD deposit token, natively on Digital Asset’s Canton Network, marking the second public blockchain (after Base in November 2025) to host the institutional payment rail.
JPM Coin is coming to Canton! 🏦@jpmorgan's Kinexys division is extending its USD deposit token (JPMD) onto the @CantonNetwork, bringing bank backed, 24/7 settlement into Canton’s institutional RWA and collateral ecosystem.
Read the full story👇 pic.twitter.com/o96GtOGrTR
— Canton Foundation (@CantonFdn) January 7, 2026
The phased rollout throughout 2026 will enable Canton participants to issue, transfer, and redeem JPMD near-instantly within a privacy-enabled, compliant ecosystem designed for synchronized financial markets. JPM Coin represents U.S. dollar deposits held at J.P. Morgan, allowing institutional clients to move funds 24/7 on blockchain infrastructure while maintaining bank-grade settlement finality.
Yuval Rooz, CEO of Digital Asset, called the collaboration “the realization of regulated digital cash that moves at the speed of markets,” adding that JPM Coin on Canton will “establish the foundation for modernizing existing financial rails” with privacy, compliance, and trust preserved.
Naveen Mallela, Global Co-Head of Kinexys, highlighted the combination of “the security of bank-issued deposits and settlement” with “the speed and innovation of 24/7, near real-time blockchain transactions.”
“This collaboration moves the industry forward in transacting on public blockchains. In bringing JPM Coin to Canton, we can further increase efficiency and unlock liquidity,” the statement concluded.
The Canton Network, purpose-built for institutional finance, is governed by the Canton Foundation with participation from major institutions including Goldman Sachs, BNP Paribas, and BNY Mellon. It was previously identified as compatible with DTCC’s upcoming tokenization experiment, reinforcing its suitability for regulated assets.
🟢 Daily top crypto gainer: @CantonNetwork$CC | +4.1% (24h) | $0.1412
Canton = institutional blockchain for tokenized assets and real-time settlement.
Powers real-world transactions for JPMorgan, DTCC, and major banks using privacy-preserving infrastructure.
Price drivers:… pic.twitter.com/zNlFdTpKga
— Stacy Muur (@stacy_muur) January 8, 2026
The announcement builds on Canton’s growing adoption for tokenized securities and positions JPM Coin as a bridge between traditional banking and public blockchain ecosystems, with potential future expansions into other Kinexys products like Blockchain Deposit Accounts.
Lloyds Banking Group executed the United Kingdom’s first-ever tokenized deposit transaction on January 7, 2026, issuing sterling-denominated tokenized deposits on the Canton Network, a public blockchain purpose-built for regulated financial markets. This milestone also marks the global debut of tokenized sterling deposits.
Another one! Banger. https://t.co/pj3eEVVbLM
— Yuval Rooz (@YuvalRooz) January 7, 2026
The transaction involved Lloyds Bank Corporate Markets issuing tokenized deposits on Canton, which were used to acquire a tokenized UK gilt from Archax.. Archax then transferred the underlying funds back into a conventional Lloyds account, demonstrating seamless interoperability between blockchain and traditional banking rails.
Lloyds, the UK’s largest retail and commercial bank with approximately 30 million customers and 65,000 employees, leveraged Canton’s privacy-enabled infrastructure to complete the transfer, highlighting the network’s ability to bridge digital and legacy finance securely and compliantly.
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