Breaking: JPMorgan & DBS Revolutionize Finance with 24/7 Tokenized Cross-Bank Payments

Wall Street meets blockchain—banks finally catch up to crypto's tempo.

JPMorgan and DBS just flipped the script on traditional finance. Their new system slashes settlement times from days to seconds, operating round-the-clock while legacy SWIFT naps on weekends.

The fine print? Banks still take their usual cut—some things never change.

Banks lead the way in tokenized finance

“Instant 24/7 payments provide businesses with the optionality, agility and speed to navigate global uncertainties and capture emerging opportunities.” Rachel Chew, Group COO at DBS, said in the press release. She added that making different systems work together is important to avoid problems when moving tokenized money across borders.

JPMorgan started testing its Kinexys Fund FLOW platform in late October 2025. The full platform will launch in 2026. The bank also plans to turn other assets, like private loans and real estate, into tokens. Both banks previously supported Patrior, a blockchain payment platform that raised $60 million in 2024.

Global trend and future impact

Currently, both banks offer instant payments within their own systems. This new collaboration will let clients pay each other across borders.

“Working with DBS on this initiative is a clear example of how financial institutions can collaborate to further the benefits of tokenized deposits for institutional clients while protecting the singleness of money and ensuring interoperability across markets,” said Naveen Mallela, Global Co-Head of Kinexys. 

Banks around the world are now interested in tokenized money. About one-third of commercial banks have started or studied tokenized deposits, according to a 2024 survey by the Bank for International Settlements. Major institutions, including UBS, PostFinance, Sygnum, BNY Mellon, Barclays, HSBC, and Lloyds, are also testing similar solutions.

This project could make global payments faster and cheaper. It could also help businesses manage payroll, trade payments, and treasury operations better. The banks have not disclosed when the full system will be available, but testing will start with select clients first.

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