Rich by Coin

The collaboration will initially focus on enabling the native issuance of Kinexys by J.P. Morgan’s deposit token JPM Coin on Canton, a privacy-enabled blockchain network designed for synchronized financial markets, according to a January 7 press release. The partners will later explore integrating J.P. Morgan’s Blockchain Deposit Accounts and other Kinexys Digital Payments products, making them available to Canton ecosystem participants. JPM Coin is a bank-issued, USD-denominated deposit token that enables institutional clients to make payments using a digital representation of JPMorgan U.S. dollar deposits on a public distributed ledger.

Bringing JPM Coin natively to Canton will enable institutions using that blockchain network to issue and transfer JPM Coin near-instantly, the release said. “This collaboration brings to life the vision of a regulated digital cash that can move at the speed of markets,” Digital Asset Co-founder and CEO Yuval Rooz said in the release. “By bringing JPM Coin natively to Canton, we’re establishing the foundation for modernizing the existing financial rails to facilitate the more efficient flow of capital, bridging traditional finance and digital infrastructure in a way that preserves privacy, compliance and trust.”

Kinexys by J.P. Morgan’s Naveen Mallela noted that JPM Coin combines the security of bank-issued deposits with 24/7 near real-time settlement, and bringing it to Canton could boost efficiency and liquidity. Jamie Dimon of JPMorgan Chase stated in 2025 that the bank is committed to digital holdings, including JPM Coin and stablecoins, as part of its broader strategy to engage in digital assets. He also suggested in an earnings call that the deposit token and stablecoins are related concepts the bank intends to pursue to understand and develop further. Digital Asset said in July 2025 that it raised $135 million to promote adoption of its Canton Network blockchain, expand the integration of real-world assets onto Canton, and strengthen the relationship with the companies that are already part of the network.