JPMorgan и DBS создают новую экосистему для мгновенных международных переводов с помощью токенизированных активов Translation: JPMorgan and DBS create a new ecosystem for instant international transfers using tokenized assets

DBS Bank and JPMorgan’s Kinexys are collaborating to create a platform for interbank transfers of tokenized assets that will work across multiple blockchains.

The project aims to set a new industry benchmark for institutional digital payments.

Currently, both banks facilitate transactions exclusively within their own blockchain ecosystems. Upon the completion of the framework, it will establish «communication highways between the two entities, encompassing both public and private ledgers.»

According to a press release, the new platform will enable institutional clients to swap or redeem tokenized deposits and make cross-border on-chain payments in real-time.

«For instance, a JPMorgan institutional client will be able to pay a DBS institutional client using JPMorgan’s deposit tokens (JPMD) on the public Base blockchain, and the recipient can exchange or redeem them for an equivalent value through DBS’s crypto services,» company representatives explained the mechanics.

This approach is designed to uphold a «unity of money,» where tokenized deposits between banks and blockchains are interchangeable and hold the same value.

DBS’s Chief Operating Officer Rachel Choo emphasized that establishing a compatible framework is crucial for reducing fragmentation in digital cross-border money transfers.

The trend of digitizing assets is rapidly gaining traction among financial institutions. According to a study by the Bank for International Settlements, by 2024, one-third of surveyed commercial banks had launched, tested, or were exploring tokenized deposits.

Additionally, it was reported in October that payment giant Mastercard would acquire the cryptocurrency startup Zerohash for $2 billion. The project serves as a platform for tokenization and launching stablecoins.