Benzinga·2026-01-07 16:52Group 1: JPM Coin Launch - JPMorgan Chase & Co is launching JPM Coin on the Canton Network, marking its second deployment on a permissionless blockchain after its initial launch on Coinbase's Base network in November 2025 [1] - JPM Coin is a deposit token representing U.S. dollar deposits held at JPMorgan, serving as a bank-backed alternative to stablecoins for institutional clients, enabling near-instant, 24/7 peer-to-peer transfers and settlements [3] Group 2: Canton Network Overview - Canton, developed by Digital Asset, is backed by major financial institutions including Goldman Sachs, BNP Paribas, and Deutsche Börse, and offers configurable privacy for regulatory and operational needs [2] - The network is already running major institutional pilots, including a limited pilot by DTCC to tokenize U.S. Treasury securities, and has about 400 ecosystem participants [7][8] Group 3: Integration and Future Plans - The integration of JPM Coin into Canton will be phased throughout 2026, focusing on establishing the necessary technical and business frameworks for issuance, transfer, and near-instant redemption [4] - The collaboration will also explore additional integrations of other Kinexys Digital Payments products to expand capabilities for Canton ecosystem participants [5] Group 4: Industry Context and Evolution - JPMorgan has been a pioneer in blockchain experimentation, with a version of JPM Coin first launched in 2019 on its permissioned Onyx blockchain, which rebranded to Kinexys in 2024 [9] - JPMorgan CEO Jamie Dimon, initially a critic of Bitcoin, has shown interest in stablecoins and the broader crypto sector, indicating a shift in the bank's approach to digital assets [10]