JPMorgan Pushes Tokenized Cash Closer to Production

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JPMorgan announced plans to issue JPM Coin (JPMD) natively on the Canton Network, marking a meaningful step toward production-ready digital cash inside global banking.

The move extends JPM Coin beyond its original closed systems and onto an interoperable, privacy-focused blockchain developed by Digital Asset. The result is tokenized deposits that can move across regulated networks at market speed.

Unlike stablecoins, JPM Coin represents a direct claim on bank deposits, positioning it as a bridge between traditional money and onchain settlement. This signals that tokenized cash is no longer just a pilot — it’s becoming infrastructure.

[nihalsari]

funny how banks hated stablecoins but immediately built their own version with better branding