JP Morgan Coin Comes to Canton Network, Why Not Ripple? AllinCrypto January 8, 2026
JP Morgan has decided to bring its bank-issued deposit token, JPM Coin (JPMD), natively onto the Canton Network.
Although it’s a triumph for institutional adoption, frictions between the communities of Ripple and Canton have become more relevant as investors debate the competitiveness of XRP and CC.
Through its Kinexys digital payments unit and a collaboration with Digital Asset, JPM Coin will be issued, transferred, and redeemed on Canton, a privacy-enabled blockchain designed specifically for synchronized financial markets.
Canton x JP Morgan
The token from JP Morgan will be rolled out in various phases in 2026, aiming to deliver near-instant settlement of regulated digital cash, preserving compliance, privacy, and institutional control.
Canton’s architecture was built from the ground up for financial institutions that need shared infrastructure without needing to expose sensitive data.
A big narrative in 2025 was privacy, as some institions deserved more privacy when it came to working with public blockchains. Cardano launched Midnight, a private sidechain, while Zcash (ZEC) surged in price as investors banked on privacy-focused networks.
Hedera Hashgraph will also launch HashSphere, a sidechain connected to Hedera for private transactions and stablecoin developments.
For J.P. Morgan and clients, Canton offers a public blockchain environment that’s still familiar to traditional finance but with permissioned access and regulatory alignments.
Ripple or Canton Network?
JP Morgan has chosen the Canton Network instead of the XRP Ledger to issue their JPM token in a new on-chain setting.
The choice has spurred online debates on the strengths of Ripple and Canton Network when it comes to institutional use cases and adoption at scale, with Canton capturing attention due to being a relative newcomer.
Despite this, Ripple’s XRP token has led inflows in recent months, beating Solana with ETF investments from institutional players.
Ripple has long positioned the XRP Ledger as an institutional settlement network for banks and financial institutions, particularly around cross-border payments, tying it in with other Ripple pr.
However, Canton is emerging as a new type of coordination layer backed by major firms, including global banks and asset managers.
While the XRPL emphasizes open liquidity, intense speed, and cost efficiency, Canton prioritizes privacy, composability, and regulatory customizations, with privacy being a strong chip that large banks often demand before moving financial activity on-chain.
Why JPMorgan May Not Have Chosen the XRP Ledger
It’s all about privacy. There are various reasons why JP Morgan went against the XRPL, but privacy may be a big factor. Canton allows institutions to maintain more tight control over data and how it can be viewed, alongside transaction privacy.
Canton’s governance is different from Ripple’s, built for multi-institution collaboration with a lot of transparency, reducing reliance on any single authority.
The DTCC, like JP Morgan, has also decided to use the CC chain, with DTCC planning to tokenize a subset of DTC-custodied Treasuries within 2026.
As enterprise-grade networks enter a new year, competition will be on between top networks as firms become more accustomed to DeFi alternatives.
The post JP Morgan Coin Comes to Canton Network, Why Not Ripple? first appeared on AllinCrypto.
