Digital Asset reports that JPM Coin (JPMD) is now on its Canton Network, an enterprise-friendly blockchain. Digital Asset is working with JP Morgan’s Kinesys vertical to enable the offering. The project is said to be taking a “phased approach” throughout 2026.
Payment tokens, or stablecoins, received an important boost with the GENIUS Act, which outlined requirements for firms to issue digital money.
According to a release, this is the first dollar-denominated “deposit token” or stablecoin.
Institutions using Canton will now be able to issue, transfer, and redeem JPMD near-instantly.
Yuval Rooz, co-Founder and CEO of Digital Asset, said the collaboration was laying the foundation for updating existing financial rails to support more efficient value transfers.
Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, said, “JPM Coin delivers the security of bank-issued deposits and settlement, combined with the speed and innovation of 24/7.”
Additional collaboration between the two sides is said to be in the works.
