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DBS, J.P. Morgan Develop Cross-Blockchain Framework for Tokenised Deposit Transfers

DBS, J.P. Morgan Develop Cross-Blockchain Framework for Tokenised Deposit Transfers

Author:

Global Cryptocurrency

Published:

2025-11-12 01:59:01

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BTCCSquare news:

DBS Bank and J.P. Morgan's blockchain unit Kinexys have unveiled a collaboration to bridge their respective token services, enabling seamless exchange and settlement of tokenised deposits across public and permissioned blockchains. The initiative aims to facilitate round-the-clock cross-border transactions for institutional clients, leveraging J.P. Morgan Deposit Tokens on the Base public blockchain.

Rachel Chew, DBS Bank's group chief operating officer, emphasized the importance of interoperability in reducing fragmentation within the digital asset ecosystem. The framework is designed to maintain fungibility across different banks and blockchains, addressing a critical need as the sector evolves.

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