JPMorgan blockchain division Kinexys announced a collaboration plan with Digital Asset: deploying JPM Coin, the US dollar stablecoin launched by JPMorgan, to Canton Network. This privacy-friendly and compliance-oriented network will become a new platform for this stablecoin.

According to the timeline of both parties, integration work will proceed in phases starting from 2026. The goal of the first phase is clear — to achieve issuance, circulation, and near real-time redemption functionality of JPM Coin on Canton Network. This means users will be able to use US dollar stablecoins in this network in a more efficient manner.

This move reflects the further exploration by traditional finance giants into blockchain infrastructure. Through collaboration with Canton Network, JPMorgan is finding more flexible application scenarios for its digital assets, while also promoting practical implementation of enterprise-grade blockchain networks.