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J.P. Morgan

J.P. Morgan

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Financial Institution81

Largest US bank rolling out deposit tokens on Canton in 2026

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359

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81

Algorithm Analysis: J.P. Morgan

81/100
Activity81/100
Maturity92/100
Community81/100
Transparency85/100
Documentation66/100

J.P. Morgan stands out as a top-tier financial institution with a significant commitment to blockchain technology through its Onyx division. The planned rollout of deposit tokens on the Canton Network in 2026 highlights its innovative approach and institutional scale. While documentation could be improved, the bank's regulatory compliance and extensive history solidify its credibility and impact in the ecosystem.

Last analyzed: Apr 14, 2026

OverviewFeaturesTeamFAQConnectedNewsRelated

J.P. Morgan on Canton

Largest US bank. Via Kinexys (formerly Onyx), bringing JPMD USD deposit token natively to Canton (announced Jan 2026). Phased rollout 2026. JPMD second public chain after Base.

About J.P. Morgan

J.P. Morgan is the largest bank in the United States and one of the world's most influential financial institutions. Through its Kinexys blockchain division, J.P. Morgan is issuing JPMD deposit tokens natively on Canton Network, enabling institutional payments and settlement.

Features

What the product does

Deposit Tokens on Canton

Rolling out blockchain-based deposit tokens on Canton Network in 2026

Onyx Platform

J.P. Morgan's digital assets division building blockchain-based payment and settlement infrastructure

Institutional Scale

The largest US bank by assets, bringing unmatched institutional scale to Canton

JPM Coin Heritage

Building on years of experience with JPM Coin for institutional payments

J.P. Morgan Team

JD

Jamie Dimon

CEO

UF

Umar Farooq

CEO of Onyx

J.P. Morgan FAQ

Deposit tokens are blockchain-based representations of bank deposits that can be transferred and settled on-chain while maintaining the regulatory framework of traditional banking.
J.P. Morgan is planning to roll out deposit tokens on Canton Network in 2026.
Onyx is J.P. Morgan's blockchain and digital assets division that has developed JPM Coin, Onyx Digital Assets platform, and now deposit tokens on Canton.

Connected Projects

JPMorgan Canton integration is anchored by Kinexys (formerly Onyx by J.P. Morgan), the bank institutional blockchain unit responsible for over $3 trillion in cumulative on-chain transaction volume and ~$7 billion in average daily volume. The JPMD deposit token will function as bank-issued digital cash within the Canton ecosystem, enabling institutional participants to settle tokenized asset transactions against high-grade on-chain USD. The deal was struck with Digital Asset (the company behind Daml and the Canton Network) and positions JPMorgan alongside other Tier-1 institutions in the synchronized financial markets thesis Canton was built for. Canton privacy-by-default architecture is the structural reason JPMorgan chose it over alternative public chains.