JP Morgan and Digital Asset plan to bring the bank’s JPM Coin deposit token to the Canton Network in a phased rollout throughout 2026, expanding the token’s availability beyond its initial launch on Base.
The Canton Network is a privacy friendly public blockchain designed to link institutional permissioned distributed ledgers. Canton technology has been adopted by institutions including BNP Paribas, Broadridge, Goldman Sachs, Equilend and HSBC. Earlier today Lloyds Bank announced the completion of a pilot deposit token transaction on the network. The move positions JPM Coin to reach institutions that may not be as engaged with consumer focused blockchains like Base.
JPMD launched in November 2025 on the Base blockchain (marketed as JPM Coin, reviving a brand the bank had previously retired) and is available only to institutional users. The deposit token enables 24/7 instant payments using a digital representation of JP Morgan USD deposits on public blockchain infrastructure.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
