JPMorgan issues its JPMD deposit token natively on the Canton Network
JPMorgan said on 7 January 2026 that it would issue JPMD, its dollar deposit token, natively on the Canton Network, a privacy-oriented institutional blockchain.
Tokenization platform
Digital Asset
Software firm whose investors are the institutions that would use it, among them JPMorgan, Goldman Sachs, Citi, DTCC, CME Group and Circle, and the Canton Network it built is where JPMorgan intends to issue its JPMD deposit token natively rather than bridge it in.
The profile
New York software firm founded in 2014 that wrote Daml, the smart contract language it open-sourced in 2019, and built the technology beneath the Canton Network, where each application runs its own sub-network and transaction detail is visible only to counterparties and permitted observers. Its investors are the institutions that would use it, among them JPMorgan, Goldman Sachs, Citi, DTCC, Broadridge, CME Group, Deutsche Börse and Circle, with $135m raised in 2025 and strategic investment from BNY, iCapital, Nasdaq and S&P Global; it is also a founding member of the Canton Foundation that governs the network's synchroniser. On 7 January 2026 it announced with JPMorgan's Kinexys unit that JPMD, the bank's dollar deposit token, would be issued natively on Canton rather than bridged to it, so the deposit claim can settle atomically against assets already registered there.
Products and services
- Daml
- Smart contract language for multi-party financial workflows, open-sourced in 2019 and used to model rights and obligations rather than token balances.
- Canton Network technology
- Ledger software for a privacy-enabled public chain in which applications hold their own sub-networks and compose atomically through a shared synchroniser.
Coverage
Developments in which Digital Asset is a named party, newest first.
On the record
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