{"id":90898,"date":"2025-11-11T21:05:27","date_gmt":"2025-11-11T18:05:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90898"},"modified":"2025-11-11T21:10:16","modified_gmt":"2025-11-11T18:10:16","slug":"jpmorgan-and-dbs-to-launch-blockchain-system-for-interbank-transfers","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jpmorgan-and-dbs-to-launch-blockchain-system-for-interbank-transfers\/","title":{"rendered":"JPMorgan and DBS to Launch Blockchain System for Interbank Transfers"},"content":{"rendered":"

DBS and JPMorgan’s Kinexys are collaborating<\/a> on a platform for interbank transfers of tokenised<\/a> assets, supporting multiple blockchains.<\/p>\n

The project’s aim is to establish a new industry standard for institutional digital payments.<\/p>\n

Currently, both banks offer blockchain-based settlements exclusively within their ecosystems. Upon completion, the framework will create “interaction highways between the two organisations, covering both public and exclusive ledgers.”<\/p>\n

According to the press release, the new platform will enable institutional clients to exchange or redeem tokenised deposits and conduct cross-border on-chain payments in real-time.<\/p>\n

\n

“For instance, a JPMorgan institutional client will be able to pay a DBS institutional client using JPMorgan deposit tokens<\/a> (JPMD) on the public Base blockchain, and the recipient will be able to exchange or redeem them for an equivalent value through DBS’s crypto services,” company representatives explained the mechanics.<\/p>\n<\/blockquote>\n

This approach aims to maintain “money unity,” where tokenised deposits between banks and blockchains are interchangeable and represent equal value.<\/p>\n

According to DBS’s Chief Operating Officer Rachel Chu, creating a compatible framework is crucial for reducing fragmentation in digital cross-border money transfers.<\/p>\n

The digitisation of assets is rapidly gaining popularity among financial institutions. According to a study by the Bank for International Settlements<\/a>, by 2024, a third of surveyed commercial banks had launched, tested, or explored tokenised deposits.<\/p>\n

\"image\"
Source: Bank for International Settlements.<\/figcaption><\/figure>\n

Back in October, media reported that payment giant Mastercard would acquire<\/a> cryptocurrency startup Zerohash for $2 billion. The project serves as a platform for tokenisation and stablecoin launches.<\/p>\n","protected":false},"excerpt":{"rendered":"

DBS and JPMorgan’s Kinexys are collaborating on a platform for interbank transfers of tokenised assets, supporting multiple blockchains.<\/p>\n","protected":false},"author":1,"featured_media":90899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"DBS and JPMorgan's Kinexys collaborate on a blockchain platform for interbank transfers.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,1229,1572,229],"class_list":["post-90898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-banks-and-fintech","tag-dbs","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"157","promo_type":"1","layout_type":"1","short_excerpt":"DBS and JPMorgan's Kinexys collaborate on a blockchain platform for interbank transfers.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90898"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90898\/revisions"}],"predecessor-version":[{"id":90900,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90898\/revisions\/90900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90899"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}