JPMorgan’s JPM Coin Goes Multi-Chain: Banking Giant Expands to Multiple Blockchain Networks

Wall Street's sleeping giant just woke up—and it's not hitting snooze. JPMorgan is breaking its own corporate blockchain out of its walled garden, taking JPM Coin cross-chain. This isn't just an experiment anymore; it's a full-scale deployment strategy.

The Multi-Chain Mandate

Forget the single-ledger approach. The bank is now actively integrating its settlement token across several major blockchain networks. Think of it as building bridges where there were once only moats. The move directly challenges the narrative that traditional finance and decentralized networks can't coexist—or that banks would only ever build their own.

Why This Cuts Through the Noise

This expansion bypasses the usual pilot-program purgatory. It signals a shift from proof-of-concept to operational scale. The bank isn't just dabbling; it's deploying infrastructure that could eventually handle a significant chunk of its daily wholesale payments flow—a number that makes most crypto-native volumes look like a rounding error.

The real story isn't the technology—it's the tacit admission. To achieve the speed and interoperability clients now demand, even the most powerful bank in the world can't go it alone. It needs the very ecosystems it once viewed with skepticism. A cynical take? They're finally adopting the open architecture they spent years lobbying against, now that there's profit to be made. The future of finance is being built on multiple chains, and JPMorgan just bought a master key.

TLDR

• JPMorgan plans to expand its JPM Coin deposit token to multiple blockchain networks, including the privacy-focused Canton Network and eventually public blockchain platforms.
• JPM Coin represents U.S. dollar deposits held at JPMorgan and currently operates on Base, the Ethereum Layer 2 network built by Coinbase.
• Siemens uses JPMorgan’s Kinexys Digital Payments network to make cross-border foreign exchange payments in USD, EUR, and GBP between Frankfurt and New York.
• The bank aims to create an interoperable digital money system for institutional payments that can move near-instantly across financial markets.
• JPMorgan will expand currency offerings for JPM Coin over time and bring the token to both public blockchain networks and its private Kinexys Digital Assets infrastructure.

JPMorgan is expanding its blockchain payment infrastructure. The banking giant plans to bring its JPM Coin deposit token to multiple blockchain networks.

JPMORGAN JUST PICKED ITS NEXT BLOCKCHAIN RAIL

They are not just experimenting — they're deploying banking infrastructure on public blockchains.

Base was the first public network where JPMorgan put its USD deposit token (JPM Coin) live for institutional settlement. It lets… pic.twitter.com/MvtxWPSJpB

— CryptosRus (@CryptosR_Us) January 8, 2026

The expansion will start with the Canton Network. This privacy-focused blockchain will be followed by other platforms. JPMorgan aims to build an interoperable digital money system.

JPM Coin represents U.S. dollar deposits held at the bank. Institutional clients can use the token to make payments on distributed ledgers. The token currently operates on Base, an ethereum Layer 2 network built by Coinbase.

A JPMorgan spokesperson told CoinDesk the expansion will create regulated, interoperable digital money. The system will allow near-instant value transfers across financial markets. Institutions using Canton will be able to receive, transfer and redeem JPMD quickly within a secure ecosystem.

The bank only allows whitelisted wallet addresses controlled by institutional clients to use JPM Coin. This ensures compliance and control. The restriction limits access while maintaining security standards.

JPM Coin operates differently from JPMorgan’s other blockchain products. The token is not built on the bank’s Kinexys network. JPM Coin has never been offered on private, permissioned infrastructure, according to the spokesperson.

JPMorgan’s Kinexys Network Handles Cross-Border Payments

The Kinexys Digital Payments network launched in 2019. It offers Blockchain Deposit Accounts for institutional clients. These accounts enable 24/7 cross-border foreign exchange payments in USD, EUR and GBP.

Siemens uses this system for international money transfers. The company maintains Blockchain Deposit Accounts in Frankfurt and New York. These accounts allow Siemens to make near-instant USD-to-EUR foreign exchange payments.

The system helps Siemens overcome limited settlement windows. This improves efficiency for the company’s global business operations. The technology supports multi-currency, cross-border payments and liquidity management within Siemens’ treasury platform.

JPM Coin operates entirely on public blockchain infrastructure. When clients send or receive the token, the transaction is recorded directly on-chain. This differs from traditional banking systems that use private databases.

Future Plans for JPM Coin

The bank declined to provide details about legal or regulatory hurdles. Any expansions are subject to internal review, risk management and regulatory approval. The bank did not specify which approvals might be required.

JPMorgan plans to support more currencies for JPM Coin. The bank will extend token issuance to both public blockchain networks and its private Kinexys Digital Assets infrastructure. This approach will unite the firm’s cash solutions across private and public systems.

The currency expansion follows the same path as Blockchain Deposit Accounts on Kinexys. JPMorgan will gradually add more currency options for institutional clients. The bank says this will increase efficiency and unlock liquidity.

JPMorgan is currently available to institutional clients on Base and enables secure value transfers on public blockchain infrastructure.