JPMorgan’s JPM Coin to go multichain in bid to ‘unlock liquidity’

JPMorgan’s JPM Coin to go multichain in bid to ‘unlock liquidity’

JPM Coin’s planned expansion to public and private networks marks a major step in JPMorgan’s digital asset strategy for institutional payments.

JPMorgan to Expand JPM Coin Across Blockchains Starting With Canton

JPM Coin is not like other blockchain products of JPMorgan. The token isn’t built on the bank’s Kinexys network. JPM Coin works completely on public blockchain infrastructure; when a client trades the token, the transaction is listed directly on-chain. JPMorgan is planning to widen its blockchain payment infrastructure by taking its JPM Coin deposit token to various blockchain networks. The expansion is set to be initiated with the Canton Networ…