PANews reported on January 7 that, according to The Block, JPMorgan's blockchain and digital payments division, Kinexys, announced the deployment of JPMCoin (JPMD) to the Canton network. This is the second expansion following its launch on Base, an Ethereum Layer 2 network supported by Coinbase, in November 2025.

JPMCoin is a USD deposit token issued by JPMorgan Chase, providing institutional clients with an alternative to stablecoins and supporting 24/7 instant peer-to-peer transactions.