JPMorgan to Expand JPM Coin Across Blockchains Starting With Canton
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.
TheNewsCrypto01/09 10:54
