2026-01-09 00:22:18

At the beginning of 2026, JPMorgan dropped a major bomb in the RWA field. Their blockchain division Kinexys and Digital Asset teamed up to launch the native USD deposit token JPM Coin on the Canton network.

This move may seem simple, but it actually solves a pain point that has troubled the industry for years—asset on-chain but funds still off-chain, leading to a disconnect. The Canton network is backed by top financial institutions like Goldman Sachs and Deutsche Börse, essentially building a financial internet for large institutions. With JPM Coin, institutions can directly use it to settle tokenized bonds on this network via (DvP) instant settlement. The efficiency improvement is visibly significant.

A key difference must be highlighted here: many people confuse deposit tokens with stablecoins, but they are actually quite different. Stablecoins like USDT and USDC are issued by private entities, and although backed by reserve assets, they ultimately face risks of de-pegging and regulatory uncertainty. Deposit tokens are different; JPM Coin represents a direct claim on JPMorgan Chase bank deposits, protected under banking regulatory frameworks. This identity makes it far more trustworthy in the eyes of institutions.

From this perspective, the combination of Canton network + JPM Coin is moving institutional-level settlement from off-chain to on-chain. Scaled tokenized asset trading requires supporting settlement tools. JPMorgan’s move this time may be the key to opening that door.

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RektButSmiling

· 01-11 22:32

Wow, are the big banks finally stepping into the game? Is the on-chain settlement spring coming? JPM Coin's move is absolutely brilliant; finally someone has figured out how to play with deposit tokens. The Canton network is getting bigger and bigger; institutions are really building a parallel financial system. Stablecoins now have a competitor, although I still believe in the prospects of USDC. When big banks move, small cryptocurrencies are going to tremble? Wait, does this mean centralized entities are winning... I feel a bit annoyed. The RWA (Real-World Assets) track finally seems to be taking off; I've been seeing potential in this area for a while. Speaking of tokenized securities, can they really seamlessly connect when dealing with such complex assets? JPMorgan's blockchain efforts are more reliable than most startups, I have to admit. DVP (Delivery Versus Payment) real-time settlement? This efficiency could probably blow away the entire traditional settlement system. But here's the question: is JPM Coin really a blockchain, or is it just a centralized system with a different name? Institutions are about to cut a wave of retail investors again. The threshold for Canton network is so high, maybe we should just watch from the outside.

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Gm_Gn_Merchant

· 01-10 18:56

JPMorgan's move is really aggressive, directly bringing central bank-level settlement onto the chain. This is the right path for RWA.

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BTCWaveRider

· 01-09 11:28

The era of institutional-level on-chain settlement has truly arrived; JPMorgan's move is a bold one. Wait, does this make those small retail investors' stablecoins even more awkward? JPM Coin has bank backing, so the credit level is indeed different, but is Canton, this alliance chain, really open to ordinary people... I see this as a signal that traditional finance is seriously starting to play with blockchain, not just dipping their toes in. When will the People's Bank of China also create something similar? Domestic institutions need it too. The true value isn't in the coin itself but in the DvP real-time settlement—an efficiency revolution is right in front of us. Stablecoins might be on the decline, but this might not necessarily be good or bad for the overall Web3 ecosystem.

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MerkleMaid

· 01-09 00:51

JPMorgan played this move well; finally, someone has broken through the wall of settlement.

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DYORMaster

· 01-09 00:30

Deposit tokens are really a game changer. JPM's move was brilliant. The DvP instant settlement has really been stuck for a long time. --- Canton's network combination is quite impressive, but we still need to see how participation develops later. --- Haha, finally someone explained the stability coins and deposit tokens clearly. USDT holders should be nervous now. --- Institutional-level on-chain settlement feels like Web3 is really entering the next stage. --- With JPM Coin out, can other banks sit still? They're about to get competitive. --- I just want to know when retail investors will get to enjoy this kind of treatment... --- Canton network is indeed reliable. The backing of those financial giants isn't for nothing. --- The fact that deposit tokens are protected by bank regulation makes them much more secure than private stablecoins. --- Actions in the RWA field are becoming more frequent. It really feels like a turning point has arrived.

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WhaleWatcher

· 01-09 00:25

JPMorgan's move is indeed aggressive, directly exposing the pain points of on-chain settlement. --- Canton Network + JPM Coin, in simple terms, means that major institutions have finally found a way to operate on-chain. The DvP instant settlement process no longer needs to wait. --- Stablecoins and deposit tokens are truly two different things. Many people are still confused, and that's the core issue. --- From PPT to real-world application, what JPMorgan has achieved with RWA is obvious to everyone. --- Wait, with these top financial institutions backing Canton, it seems more like building a new financial order rather than just a simple technological upgrade. --- Institution-level on-chain settlement has visibly improved efficiency, but what does this mean for retail investors? It's a bit concerning.

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GateUser-7b078580

· 01-09 00:24

Data shows that this thing will ultimately remain a game for large institutions, and retail investors will continue to be marginalized.

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