JPMorgan to launch JPM Coin on Canton Network

JPMorgan is set to launch its deposit token, JPM Coin, on the Canton Network, a blockchain focused on the tokenization of real-world assets, The Block reported. This marks the second blockchain integration for the token, following its deployment on Base, Coinbase's proprietary Layer 2 network. JPMorgan has been using JPM Coin since 2023 to facilitate tokenized U.S. dollar and euro deposit transfers for its corporate clients.