JPM Coin expansion targets multichain institutional payments and FX settlement
JPMorgan is accelerating its blockchain strategy with plans to build regulated, interoperable digital money capable of moving across multiple blockchain networks. The initiative centers on expanding JPM Coin, the bank’s U.S. dollar deposit token, as institutional demand grows for faster, always-on settlement infrastructure.
JPMorgan plans to extend JPM Coin beyond its current deployment on Ethereum layer-2 Base to additional networks, including the privacy-focused Canton Network. The goal is to enable near-instant payments and settlement across interconnected blockchain environments while maintaining regulatory oversight and strict access controls. JPM Coin represents U.S. dollar deposits held at the bank and is available only to approved institutional clients using whitelisted wallets.
Alongside public blockchain initiatives, JPMorgan continues to scale its private Kinexys Digital Payments network. Corporations such as Siemens already use blockchain deposit accounts on Kinexys to conduct 24/7 cross-border foreign exchange transfers between USD and EUR, reducing delays caused by traditional banking hours and settlement windows.
Unlike Kinexys, JPM Coin operates natively on public blockchain rails, recording tokenized deposits directly on-chain. JPMorgan plans to support additional currencies and integrate JPM Coin across both public and private systems, creating a unified liquidity layer.By combining privacy, compliance, and interoperability, JPMorgan aims to unlock institutional liquidity and redefine how large-scale payments move across global financial markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.