JPMorgan is set to expand its JPM Coin deposit token across multiple blockchain networks, including the privacy-focused Canton Network, as part of its strategy to create a regulated, interoperable digital money system. Currently available on the Ethereum Layer 2 network Base, JPM Coin represents U.S. dollar deposits and facilitates near-instant institutional payments. The bank aims to enhance its multichain settlement system, allowing institutions to receive, transfer, and redeem JPM Coin within a secure ecosystem. The expansion will see JPM Coin move beyond Base to additional blockchain platforms, supporting more currencies and integrating with JPMorgan's private Kinexys Digital Assets infrastructure. This initiative is designed to increase efficiency and liquidity in institutional payments, with the bank ensuring compliance through whitelisted wallet addresses. JPMorgan's broader plan includes extending JPM Coin's reach to both public and private blockchain systems, further enhancing its cash solutions.