JPMorgan and DBS Partner to Enable Real-Time Tokenized Deposit Settlements Across Blockchains

TLDR JPMorgan and DBS create framework for cross-border tokenized deposit transfers. New system links JPMorgan’s Kinexys with DBS Token Services for seamless blockchain payments. Real-time cross-chain settlements allow tokenized deposit transfers between institutions. The partnership enhances blockchain interoperability, benefiting institutional clients globally. Over a third of banks are exploring tokenized deposits, boosting digital payment efficiency. [...]

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