# J.P. Morgan Expands Digital Deposit Coin to Canton Network

*Author: Jack Inabinet*
*Published: Jan 7, 2026*
*Source: https://www.bankless.com/read/news/j-p-morgan-selects-canton-network-for-digital-deposit-deployment*

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J.P. Morgan's Kinexys digital asset arm has selected Canton as the second permissionless blockchain to host native JPM Coin (ticker symbol: JPMD), a tokenized USD deposit token for the bank's institutional clients.

### What's the Scoop?
- **New Network:** Kinexys – J.P. Morgan's digital asset arm – will deploy JPM Coin (JPMD) on Canton, marking the digital dollar's second expansion onto a permissionless network, following its [launch](https://www.bankless.com/read/j-p-morgan-sets-up-shop-on-base) on Base in November 2025.
- **Bank Deposit:** JPM Coin represents U.S. dollar deposits held at J.P. Morgan, offering institutional clients the ability to send and receive dollars 24/7 with blockchain-based rails.
- **Institutional Adjacent:** Built by Digital Asset Holdings, Canton network touts the support of major financial institutions, including Goldman Sachs, BNP Paribas, and BNY Mellon. The network was the first [identified](https://www.bankless.com/read/news/dtcc-selects-digital-assets-canton-network-for-tokenization) as suitable for the DTCC's upcoming tokenization experiment.  
- **Phased Rollout:** Kinexys plans a gradual JPMD deployment throughout 2026, with potential future integrations including "Blockchain Deposit Accounts" and broader interoperability frameworks.

> JPM Coin is coming to Canton! 🏦[@jpmorgan](https://twitter.com/jpmorgan?ref_src=twsrc%5Etfw)'s Kinexys division is extending its USD deposit token (JPMD) onto the [@CantonNetwork](https://twitter.com/CantonNetwork?ref_src=twsrc%5Etfw), bringing bank backed, 24/7 settlement into Canton’s institutional RWA and collateral ecosystem.Read the full story👇 [pic.twitter.com/o96GtOGrTR](https://t.co/o96GtOGrTR)— Canton Foundation (@CantonFdn) [January 7, 2026](https://twitter.com/CantonFdn/status/2008916273019978165?ref_src=twsrc%5Etfw)