Based on Coindesk, JPMorgan and Singapore’s DBS Bank are developing a framework to enable institutional clients to move tokenized deposits across different blockchain networks. The system will link DBS Token Services with JPMorgan's Kinexys Digital Payments project, allowing cross-bank, cross-chain settlements. Both banks already support instant payments within their own blockchain systems, and this new initiative aims to connect those networks, enabling clients to send value between institutions without relying on traditional payment systems.
JPMorgan and DBS Bank Develop Cross-Chain Tokenized Deposit Framework
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