JPM Coin by JPMorgan Chase expands again: launches on Canton Network, further expanding the institutional stablecoin ecosystem

ForkMonger · 2026-01-07T13:10:12+00:00

JPMorgan's blockchain division Kinexys recently officially deployed JPM Coin on the Canton network, achieving the second cross-chain expansion of this stablecoin. As a dollar deposit token, JPM Coin is designed for institutional clients, featuring 24-hour instant transaction capabilities, driving innovation and convenience in financial services.

ForkMonger

2026-01-07 13:10:12

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【Blockchain Rhythm】JPMorgan Chase’s blockchain division Kinexys has recently made a big move. On January 7th, they announced the official deployment of JPM Coin (code JPMD) on the Canton network. This is the second cross-chain expansion for this stablecoin — it was just launched on the Ethereum Layer 2 network Base, supported by a compliant platform, in November last year.

Speaking of JPM Coin, it is a dollar deposit token issued by JPMorgan Chase. Compared to traditional stablecoin solutions, it is a dedicated alternative designed for institutional clients. The biggest selling point is two words: fast. It supports 24/7 instant peer-to-peer transactions, breaking the time constraints of traditional finance. As the deployment scope expands, JPMorgan Chase clearly aims to push this institutional-grade stablecoin solution onto more blockchain ecosystems.

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MetaverseHomeless

· 8h ago

JPM Coin is expanding again. JPMorgan is aiming to monopolize the institutional stablecoin market.

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SnapshotLaborer

· 01-07 13:34

JPMorgan is laying the groundwork, with Canton, Base, and probably more to come... Institutional stablecoins are really heating up.

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BlockchainBard

· 01-07 13:32

JPM Coin is expanding again, this time on the Canton network... Traditional financial giants really have no shortage of money, deploying multi-chain directly. Institutional stablecoins are definitely a priority for them.

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staking_gramps

· 01-07 13:28

Looking at JPMorgan's frequency, major banks are really starting to take on-chain seriously Canton Network? Never heard of it, which chain is that... Launching JPM Coin like this is indeed quite interesting 24-hour instant trading, this really hits the pain point for institutions, the traditional financial system really needs to change But to be honest, this is still the big banks playing their own ecosystem game, the true decentralized concept has long been sidelined JPMorgan's ambitions on the chain seem significant, but it feels like they can't escape the cage of compliance in the end The stablecoin war has started, the Federal Reserve probably can't sit still anymore

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ZenChainWalker

· 01-07 13:20

JPMorgan is playing chess here, Canton is also based, steadily building the network. As for institutional stablecoins, it really seems like we need to take it seriously.

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