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JPMorgan Chase officially announced the launch of its native JPM Coin on the Canton Network, marking a new phase in its deposit token strategy. Unlike previous private network deployments, JPM Coin will now directly target the public blockchain ecosystem, reflecting traditional financial institutions' strategic adjustments in the multi-chain era.
Canton Network, as a financial-grade interoperability platform, provides a new infrastructure for institutional digital assets. This move by JPMorgan Chase not only strengthens its influence in the stablecoin sector but also signifies that commercial banks are actively building cross-chain ecosystems. As more institutions opt for multi-chain deployments, the expansion of JPM Coin will undoubtedly promote the development of the entire stablecoin and CBDC ecosystem, injecting more institutional liquidity into the public chain ecosystem. For market participants seeking exposure to top-tier institutional assets, this also indicates that more compliant and stable options are on the horizon.