JPMorgan to build regulation-compliant multi-chain digital currency system

JPMorgan is aiming to build an interoperable, regulation-compliant digital currency system, CoinDesk reported. The bank stated its intention to launch its JPM Coin deposit token on its proprietary tokenization platform, Kinexys, in addition to public networks. It also plans to add support for more currencies. JPMorgan has previously launched JPM Coin on the Base and Canton networks.