JPMorgan to Expand JPM Coin Across Blockchains Starting With Canton

TheNewsCryptoPublicado em 2026-01-09Última atualização em 2026-01-09

Resumo

JPMorgan is expanding its JPM Coin deposit token to multiple blockchain networks, starting with the Canton Network, as part of a broader strategy to build an interoperable digital money system. JPM Coin represents U.S. dollar deposits held at the bank and is currently operational on Coinbase’s Ethereum Layer 2 network, Base. The expansion aims to enable near-instant value transfers across financial markets in a secure, regulated environment. Access is restricted to whitelisted institutional wallets to ensure compliance. Unlike JPMorgan’s private Kinaxis network—which supports multi-currency cross-border payments for clients like Siemens—JPM Coin operates entirely on public blockchain infrastructure, with all transactions recorded on-chain.

JPMorgan is planning to widen its blockchain payment infrastructure by taking its JPM Coin deposit token to various blockchain networks. The expansion is set to be initiated with the Canton Network.

After this, other platforms will be the target, as the firm targets making an interoperable digital money system. JPM Coin depicts U.S. dollar deposits held at the bank. Institutional clients can use the token to make payments on distributed ledgers.

The token currently uses Base, an Ethereum Layer 2 network made by Coinbase, for its operation. A spokesperson from JPMorgan revealed that the expansion will make regulated interoperable digital money.

The system will also permit near-instant value transfers over financial markets. Institutions leveraging Canton will be capable of receiving, transferring and redeeming JPMD swiftly within a safe environment.

The bank only permits whitelisted wallet addresses handled by institutional clients to use JPM Coin to ensure compliance and control. The limitations obstruct access while preserving security standards.

Delving Deep into JPM Coin

JPM Coin is not like other blockchain products of JPMorgan. The token isn’t built on the bank’s Kinexys network. The spokesperson reveals that JPM Coin has never been offered on private or permissioned infrastructure.

The Kinexys Digital Payments network was introduced in 2019, offering blockchain deposit accounts for institutional clients. These accounts permit 24/7 cross-border foreign exchange payments in USD, EUR and GBP.

Siemens leverages this system for international money transfers. The firm preserves Blockchain Deposit Accounts in Frankfurt and New York. These accounts permit Siemens to offer near-instant USD-to-EUR foreign exchange payments.

The system aids Siemens in beating restricted settlement windows. This enhances productivity for the company’s global business operations. The technology backs multi-currency, cross-border payments and liquidity management with the treasury platform of Siemens.

JPM Coin works completely on public blockchain infrastructure; when a client trades the token, the transaction is listed directly on-chain. This is not similar to traditional banking systems that leverage private databases.

Highlighted Crypto News Today:

Ethereum Struggles Below $3,300 as US Demand and ETF Flows Weaken

TagsBlockchainJPMDJPMorgan

Perguntas relacionadas

QWhat is JPMorgan planning to expand with the Canton Network?

AJPMorgan is planning to expand its JPM Coin deposit token to various blockchain networks, starting with the Canton Network.

QHow does JPM Coin currently operate and on which network?

AJPM Coin currently operates on Base, an Ethereum Layer 2 network made by Coinbase.

QWhat is the primary purpose of JPM Coin for institutional clients?

AInstitutional clients can use JPM Coin to make payments on distributed ledgers, as it depicts U.S. dollar deposits held at JPMorgan.

QHow does the JPM Coin system ensure compliance and security?

AThe bank only permits whitelisted wallet addresses handled by institutional clients to use JPM Coin to ensure compliance and control.

QWhat key difference exists between JPM Coin and JPMorgan's Onyx network?

AJPM Coin is not built on JPMorgan's Onyx network and has never been offered on private or permissioned infrastructure, operating completely on public blockchain infrastructure.

Leituras Relacionadas

Bitcoin in August: Experts Expect Range Testing, Not a Quick Reversal

Experts anticipate Bitcoin will remain under pressure in August, lacking momentum for a sustained rally after a partial July recovery. The price, trading around $63.5k, is seen stuck in a $60-65k range. Analysts cite a challenging macro environment of high U.S. rates, persistent inflation, and a strong dollar as key headwinds, alongside record ETF outflows. Historically, August is a weak month for crypto. Experts outline three main scenarios: a base case of sideways movement between $58-68k (50% probability), a bearish drop to $50-55k (30%), or a bullish push toward $71-75k (20%). Key levels to watch are support at $60-61k and resistance at $67k. While some see current prices as attractive for long-term accumulation, most warn of potential short-term downside, with a retest of $60k or even a fall toward $53k possible. A decisive market turnaround is not expected before Q4, making August a month for testing key levels rather than a major breakout.

cryptonews.ruHá 6m

Bitcoin in August: Experts Expect Range Testing, Not a Quick Reversal

cryptonews.ruHá 6m

Coldcard Hardware Wallet Hacked: 594 Bitcoin Withdrawn in 25 Minutes

The Coldcard hardware wallet has been compromised, with hackers stealing approximately 594.5 Bitcoin (~$40 million) from 500 addresses in just 25 minutes. The root cause was a critical software bug, undetected for five years, which disabled the device's secure chip for generating true random numbers. This led to the creation of private keys based on predictable data like the processor's serial number, drastically reducing cryptographic security. The attackers exploited this offline by brute-forcing possible seed phrases, finding active addresses on the public ledger, and signing transactions. Initially, Coinkite (Coldcard's maker) claimed only older models were at risk but later admitted all devices running the compromised firmware were vulnerable. CEO Rodolphe Novak (NVK) apologized but ruled out financial compensation for affected users. To secure funds, owners must urgently update their firmware to specific safe versions, generate a completely new seed phrase on the updated device, and transfer all assets to new addresses created with that new seed. While a BIP-39 passphrase can help, it does not replace this migration process. Other Coinkite products like TAPSIGNER were not affected. This incident underscores that even specialized hardware requires rigorous, independent code audits, especially for cryptographic functions. It parallels past failures, like a 2006 OpenSSL bug in Debian, and raises questions about whether automated code analysis can ever fully replace human scrutiny in critical security areas.

cryptonews.ruHá 6m

Coldcard Hardware Wallet Hacked: 594 Bitcoin Withdrawn in 25 Minutes

cryptonews.ruHá 6m

Tether (USDT) Publishes Anticipated Financial Results for the Second Quarter! Here's Its Current Status and Assets

Tether, the world's largest stablecoin issuer, has published its Q2 2026 financial results. According to an independent audit by BDO, the company reported a net operating profit of approximately $1.5 billion and an excess of assets over liabilities totaling $4.11 billion. As of June 30, 2026, the circulating supply of USDT was roughly $184.6 billion, marking an increase of about $446 million from the prior quarter. Tether now holds over 60% of the global stablecoin market share. The $1.5 billion profit was primarily generated from U.S. Treasury bills and repurchase agreements. Total assets stood at approximately $187.75 billion against liabilities of $183.64 billion, with $183.62 billion of liabilities tied to issued digital tokens. Key actions during the quarter included a reduction of secured loans by $2.38 billion (down 15%) and an addition of 14 tons to its physical gold holdings, bringing the total to over 146 tons. CEO Paolo Ardoino reaffirmed that USDT remains fully backed by reserves despite market volatility. He also noted that the company is undergoing a comprehensive independent audit with one of the "Big Four" accounting firms.

cryptonews.ruHá 47m

Tether (USDT) Publishes Anticipated Financial Results for the Second Quarter! Here's Its Current Status and Assets

cryptonews.ruHá 47m

Circle Reaches Major Regulatory Milestone, Receives Trust Charter from New York Department of Financial Services (NYDFS)

Circle, a financial services and stablecoin company, announced it reached a key regulatory milestone by receiving a Limited Purpose Trust Charter from the New York State Department of Financial Services (NYDFS). This charter allows Circle to expand its operations in New York to include asset custody services, issuance of NYDFS-approved stablecoins, and management of the reserves backing them. The approval positions Circle's USDC stablecoin within a regulated framework and follows the company's earlier receipt of a national trust bank charter from the U.S. OCC. CEO Jeremy Allaire stated this achievement reflects over a decade of compliance commitment and aligns with NYDFS's high standards, comparable to those for full commercial banks, as digital dollars become central to the global financial system.

cryptonews.ruHá 58m

Circle Reaches Major Regulatory Milestone, Receives Trust Charter from New York Department of Financial Services (NYDFS)

cryptonews.ruHá 58m

Crypto at a Discount: Bitcoin in Russia May Become Cheaper Than the Global Market

A new cryptocurrency law in Russia, set to take effect on September 1, 2026, will establish a licensed environment for trading digital assets. While this aims to bring transparency, experts warn it could cause cryptocurrencies like Bitcoin to trade at a discount compared to global markets. This price gap is expected due to three main factors: sanctions-related risk labels attached to assets passing through Russian infrastructure, limited options to withdraw funds abroad, and an increased supply of coins from domestic miners who must sell locally. Arbitrage opportunities to profit from this price difference are likely to be impractical. The very same risk labels that create the discount would hinder transferring assets to foreign exchanges. Removing these labels is a slow, costly, and uncertain process, as compliance systems analyze the public blockchain history of addresses. Furthermore, the high costs of licensed intermediaries' fees, compliance checks, and administrative reporting would likely erase any potential profit margin from the arbitrage. Consequently, the Russian market may become an isolated circuit where digital assets are cheaper, but converting that discount into reliable earnings will be extremely difficult for most participants.

cryptonews.ruHá 1h

Crypto at a Discount: Bitcoin in Russia May Become Cheaper Than the Global Market

cryptonews.ruHá 1h

Trading

Spot
活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow