JP Morgan's JPM coin is on its way to the Canton Network and Florida lawmakers take another shot at Bitcoin on the balance sheet.

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

JP Morgan's blockchain unit Kinexas and digital asset is making a major move toward 24-7 financial markets with a plan to bring its bank-issued USD deposit token, JPM coin natively, to the Canton Network.

The partnership with digital asset will allow the token to settle alongside tokenized real-world assets on a privacy-enabled public blockchain.

This integration signals a shift toward synchronous markets,

where cash and assets settle instantly rather than waiting for traditional banking hours.

The integration will occur in phases throughout 26, focusing on JPM coin issuance, transfer,

and redemption on the Canton network. Florida lawmakers are taking another shot at putting Bitcoin

on the state's balance sheet.

Republican Representative John Snyder has filed House Bill 1039 for the 26 legislative session,

proposing a strategic cryptocurrency reserve fund.

If passed, the bill would authorize the state's chief financial officer to invest in digital assets as a hedge against inflation. The bill fits Florida's broader strategy of embracing decentralized assets while explicitly

banning federal-issued CBDCs.

And World Liberty Financial, the crypto project with ties to President Donald Trump, is leveling

up its stable coin ambitions.

A related entity, World Liberty Trust Company has applied for a national charter from the OCC.

If approved, the new trust bank would

directly issue the USDA One stable coin and offer custody services to its institutional clients.

While a spokesperson clarified the trust company is technically a separate entity from the

crypto firm, the leadership overlaps significantly. Move capitalizes on a friendlier regulatory

environment under the Trump administration and the newly past Genius Act.

The OCC has already granted a number of charters to crypto firms allowing them to launch trust banks, including Circle, Ripple, Fidelity, digital assets, Bitco, and Paxus.

...