JPMorgan Launches JPM Coin On Canton Network Backed By Goldman Sachs, BNP Paribas
JPMorgan Chase & Co (NYSE:JPM) is launching JPM Coin on the Canton Network, marking the deposit token’s second deployment on a permissionless blockchain after going live on Coinbase Global Inc’s (NASDAQ:COIN) Base network in November 2025.
Canton Brings Goldman, BNP Paribas, Deutsche Börse
Canton, developed by blockchain infrastructure firm Digital Asset, is backed by Goldman Sachs Group Inc. (NYSE:GS), BNP Paribas SA (OTC:BNPQY), Deutsche Börse Group, BNY Mellon (NYSE:BK), and other major financial players, The Block reported on Wednesday.
The network offers “configurable privacy” for regulatory and operational needs, allowing institutions to transact on public blockchain infrastructure while maintaining compliance requirements.
JPM Coin is a deposit token issued by JPMorgan, representing U.S. dollar deposits held at the bank.
It serves as …
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