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JPMorgan's blockchain division Kinexys has partnered with Digital Asset to announce a collaboration plan: deploying JPM Coin, JPMorgan's USD stablecoin, on the Canton Network. This privacy-friendly and compliance-oriented network will become a new stage for this stablecoin.
According to the timeline of both parties, the integration work will be carried out in phases starting from 2026. The goal of the first phase is clear — to enable issuance, circulation, and near real-time redemption of JPM Coin on the Canton Network. This means users will be able to use the USD stablecoin more efficiently within this network.
This move reflects traditional financial giants' further exploration into blockchain infrastructure. Through collaboration with the Canton Network, JPMorgan is finding more flexible application scenarios for its digital assets, while also promoting the practical deployment of enterprise-grade blockchain networks.