JPMorgan: "Pushing to build a multi-chain digital currency system with regulatory compliance"
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Summary
- JPMorgan said it is aiming to build a multi-chain digital currency system with interoperability and regulatory compliance.
- JPMorgan said it plans to launch its deposit token, JPM Coin, on public blockchains and its own tokenization platform, Kinexys, and expand the range of supported fiat currencies.
- JPMorgan said the plan is a regulation-friendly digital currency ecosystem strategy that expands inter-institution payments and tokenized financial infrastructure based on JPM Coin on Base and the Canton Network.
JPMorgan said it is aiming to build a multi-chain digital currency system with interoperability and regulatory compliance.
According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), on the 8th (local time), JPMorgan plans to roll out its deposit token, JPM Coin, not only on public blockchain networks but also on its own tokenization platform, Kinexys. It also intends to gradually expand the range of fiat currencies supported by JPM Coin.
JPMorgan has already launched JPM Coin on Base and the Canton Network, and is expanding inter-institution payments and tokenized financial infrastructure on that basis. The initiative is seen as part of a strategy to build a regulation-friendly digital currency ecosystem that bridges traditional finance and blockchain technology.
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