DBS and J.P. Morgan Developing Framework for Instant, Cross-Border Tokenised Payments
DBS and Kinexys by J.P. Morgan are developing a framework for interbank tokenised deposit transfers across public and private blockchains.
The partnership aims to link DBS Token Services and Kinexys Digital Payments, enabling tokenised value to move seamlessly between both banks’ blockchain ecosystems.
The framework will support real-time settlement and exchangeability of tokenised deposits, paving the way for institutions to pay one another instantly, anywhere and at any time.
Connecting Southeast Asia’s largest bank and the United States’ largest bank, the initiative seeks to set a new standard for on-chain interoperability and improve how businesses manage cross-border finance.
Read more: https://fintechnews.sg/121520/blockchain/dbs-j-p-morgan-tokenised-deposits/
