JPMorgan Expands JPM Coin to Canton Network Despite CEO's Bitcoin Skepticism

2026-01-07 17:20:10

Source: CryptoNewsNet Original Title: JPMorgan, Whose CEO is a Bitcoin Enemy, Makes a New Crypto Move! A New Altcoin Has Been Selected! Original Link: https://cryptonews.net/news/altcoins/32240945/ Despite its CEO Jamie Dimon being skeptical of Bitcoin, JPMorgan continues to advance its cryptocurrency initiatives.

The latest development comes from JPMorgan’s blockchain and digital payments unit, Kinexys, which announced plans to collaborate on integrating JPMorgan’s US dollar deposit token, JPM Coin (JPMD), natively into the Canton Network.

As part of this collaboration, JPMD—a deposit token representing US dollar deposits held at JPMorgan—will be issued directly on Canton, a privacy-enhancing blockchain network designed for synchronized financial markets.

This marks the token’s second expansion since its launch on a major Layer 2 network in November 2025.

JPM Coin is a US dollar deposit token issued by JPMorgan, designed to offer institutional clients an alternative stablecoin solution supporting 24/7 instant peer-to-peer transactions.

Kinexys Global Co-Head Naveen Mallela stated, “This collaboration is moving the industry forward in terms of transacting on public blockchains. By bringing JPM Coin to Canton, we can further increase efficiency and free up liquidity.”

Developed by blockchain infrastructure firm Digital Asset, Canton is a network supported by Goldman Sachs, BNP Paribas, Deutsche Börse, BNY Mellon, and other major financial institutions.

*This is not investment advice.

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