TLDR Tech / Crypto
What Is JPMorgan Doing on Canton?
JPMorgan's Kinexys division (rebranded from Onyx in late 2024) is moving JPMD, its institutional deposit token, from test environment to live native issuance on Canton Network in phased deployments throughout 2026. Canton is a public, permissionless L1 built by Digital Asset for regulated financial institutions, with transaction-level privacy that reveals only a proof of activity to the network while restricting full trade details to counterparties. JPMD is a deposit token representing actual USD deposits held at JPMorgan Chase with the same regulatory protections as a standard bank deposit, a structural distinction from non-bank-issued stablecoins such as USDC or Tether, which rely on separately held reserves. Canton's native token (CC) traded around $0.16 with approximately $6.3B market cap and 38.8B circulating supply as of mid-June 2026, placing it near #14 on CoinMarketCap.
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