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JPMorgan and DBS Collaborate on Multi-Chain Tokenized Deposit Transfers

JPMorgan and DBS Collaborate on Multi-Chain Tokenized Deposit Transfers

Author:

Global Cryptocurrency

Published:

2025-11-12 10:57:01

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DBS Bank and JPMorgan's Kinexys are pioneering interoperability between their on-chain systems, enabling cross-border transfers of tokenized bank deposits. The initiative allows customers to MOVE deposit tokens seamlessly across permissioned ledgers and public blockchains like Base, with 24/7 liquidity and instant settlement.

The partnership bridges JPMorgan Deposit Tokens (JPMD) and DBS Token Services, letting institutional clients redeem tokens issued by either bank. Rachel Chew of DBS highlights the effort to reduce market fragmentation, while Kinexys' Naveen Mallela emphasizes infrastructure development for compliant institutional use.

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