JPMorgan & DBS Bank Collaborate on Tokenized Deposits
Update: 2025-11-11
Description
JPMorgan and DBS Bank unveil groundbreaking collaboration to revolutionize digital money transfers. Theyre developing a framework for tokenized deposits to be transferred across blockchain networks, enabling seamless cross-bank and cross-chain settlements. This initiative aims to bridge their separate systems, allowing clients to send value between institutions without relying on traditional payment methods. The partnership reflects a growing trend among major banks to make digital deposits function seamlessly across different systems and geographical boundaries.
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