Alibaba Partners with JPMorgan to Launch Tokenized Global Payments System
Alibaba is set to disrupt cross-border B2B payments with a new tokenized system leveraging JPMorgan's blockchain technology. The platform, slated for December 2025 launch, will use USD and EUR-backed digital tokens to streamline transactions across Alibaba's $35 billion e-commerce network.
The collaboration combines JPMorgan's institutional-grade tokenization infrastructure with Alibaba's global trade reach. AI-driven smart contracts will automate settlement and dispute resolution—addressing longstanding pain points in international commerce.
This MOVE signals growing institutional adoption of blockchain solutions for real-world financial applications. By sidestepping traditional correspondent banking networks, the system promises faster settlements and reduced fees for merchants worldwide.