JPMorgan Is Launching JPM Coin on the Rising Canton Network

JPMorgan’s Kinexys blockchain unit announced plans Wednesday to launch its JPM Coin on Canton Network, the rising privacy-enabled network designed for financial markets. The firm is working with Digital Asset, the company behind Canton, to expand the token’s reach. Initially launched on Base, the Coinbase-incubated Ethereum layer-2 scaling network, JPM Coin (ticker: JPMD) is a bank-issued, USD-denominated deposit token that lets institutional clients make payments using a digital representation of JPMorgan ...