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JPMorgan Deploys JPM Coin on Canton Network, Extending Blockchain Strategy
Yahoo Finance· 2026-01-07 15:38
Core Insights - JPMorgan's blockchain division Kinexys and Digital Asset are set to launch the JPM Coin deposit token on the Canton Network, marking the bank's second public blockchain expansion after the Base network launch in November 2025 [1] - The deployment will occur in phases throughout 2026, focusing initially on the technical and business frameworks for the issuance, transfer, and near-instant redemption of JPM Coin on Canton [1] Collaboration and Product Integration - The partnership will also explore the integration of additional Kinexys products, including Blockchain Deposit Accounts [2] Platform Background - The Canton Network, launched in July 2024, is described as the only public blockchain specifically designed for institutional finance, featuring privacy capabilities that protect sensitive business data [3] - Notable participants in the Canton Network include Goldman Sachs, DTCC, Deutsche Börse, BNP Paribas, and BNY Mellon [3] Strategic Goals and Financial Performance - Digital Asset's CEO Yuval Rooz emphasized that the partnership aims to modernize traditional financial infrastructure and enhance capital movement between institutions [4] - Digital Asset raised $135 million in June 2025 and received further strategic investments from BNY, Nasdaq, and S&P Global in December 2025 [4] - Kinexys processes a daily transaction volume of $2-3 billion, with a cumulative volume exceeding $1.5 trillion since 2019 [4] Multi-Chain Strategy - JPM Coin became available to institutional clients on Coinbase's Base network on November 12, 2025, with initial clients including B2C2, Coinbase, and Mastercard [6] - The deposit token allows institutional clients to make payments using a digital representation of JPMorgan deposits on a public ledger, differentiating it from stablecoins backed by reserves [6] - JPMorgan announced a framework with Singapore's DBS Bank on November 11, 2025, to develop compatibility standards for tokenized deposit transfers across multiple blockchains [7] - Kinexys Global Co-Head Naveen Mallela stated that the Canton deployment will enhance operational efficiency and liquidity access for institutional clients [7]
X @Wu Blockchain
Wu Blockchain· 2025-12-01 11:48
The CNB governor said allocating about 2.5% of reserves to a Bitcoin ETF would offer a return similar to raising U.S. equity exposure from 38% to 50%, but with less additional volatility. He added that if the bank had allocated 5% to BTC over the past decade, annual returns would have risen by roughly 3.5 percentage points, though overall portfolio volatility would have nearly doubled. https://t.co/tNDTu2TWjAWu Blockchain (@WuBlockchain):Czech National Bank (CNB) has announced the establishment of a pilot d ...
QNT XRP XLM Holders NEED to See This RIGHT NOW
Market Analysis & Price Action of Q&T - Q&T needs to reclaim over $100 and break over $102 with a weekly candle close to retest July high and potentially December 2024 high, signaling a bullish trend [1] - Q&T has been consolidating for over 1,000 days, suggesting a potential for a significant upward push [2] - A monthly candle close over $120 for Q&T could target highs going back to 2023, potentially even 2022 and 2021 [3] - Q&T has been consolidating for 1,249 to 1,522 days, compared to XRP's 2,465 days of sideways trading before a breakout, indicating a potentially very bullish scenario [7] Interoperability & Tokenization Standards - The tokenized deposit revolution faces a critical challenge due to the absence of universal standards for bank and wallet communication, hindering scalability [5][6] - Financial institutions are launching blockchain-based versions of traditional bank deposits, but interoperability is crucial to avoid isolated solutions [5] - Quant emphasizes the need for interoperability standards to enable different tokenized deposits to work together, rather than proprietary approaches [5][6] - Quant's existing solutions, like ISOTC307, address the need for blockchain standards to achieve scale and success in tokenized markets [6] - Settlement fragmentation is a key issue with stablecoins, even with major players like PayPal and Stripe integrating them, highlighting the need for bridging tokenized markets [6] Quant's Role & Solutions - Quant is building bridges for traditional and digital networks, solving the multi-ledger challenge by connecting various payment rails and blockchains [7] - Quant connects to each ledger involved, verifying balances and coordinating atomic delivery versus payment events without taking possession of funds, ensuring zero vulnerability [7]
X @Wu Blockchain
Wu Blockchain· 2025-11-13 13:21
Digital Asset Portfolio - Czech National Bank (CNB) establishes a pilot digital asset portfolio totaling $1 million [1] - The portfolio includes Bitcoin, a USD stablecoin, and a tokenized deposit [1] - The initiative aims to share insights within the next 2-3 years [1] Central Bank Innovation - CNB claims this is the first instance of a central bank including Bitcoin on its balance sheet [1]