As per AiCoin, Singapore's DBS Bank has partnered with JPMorgan Chase's Kinexys to develop an interoperability framework enabling tokenized deposit transfers between the two institutions' blockchain ecosystems. The framework allows customers to conduct real-time, 24/7 transactions across public and permissioned blockchain networks, addressing interoperability and security risks. Clients using JPM Coin deposits built on Ethereum Layer 2 Base can now interact with DBS's token services on a permissioned blockchain. Recently, BNY Mellon and UK banks Barclays, Lloyds, and HSBC have also launched similar initiatives.
DBS and JPMorgan Chase Develop Interoperability Framework for Tokenized Deposits
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