Quick Takeaways
- JPMorgan and DBS are collaborating to enable real-time cross-chain tokenized deposit transfers.
- The partnership links DBS Token Services with Kinexys Digital Payments for seamless settlements.
- The system maintains “singleness of money” across multiple blockchains and banks.
JPMorgan and DBS Collaborate on Cross-Chain Tokenized Deposits
JPMorgan and Singapore’s DBS Bank have announced a strategic partnership to enable tokenized deposit transfers across multiple blockchains. The collaboration connects DBS Token Services with JPMorgan’s Kinexys Digital Payments network, allowing 24/7 real-time settlement between public and private blockchains.
This move marks a major step toward building a unified digital asset ecosystem for institutional clients.
Building Cross-Bank, Cross-Chain Payment Highways
The new framework allows banks to exchange and settle tokenized deposits seamlessly across different blockchain networks. By integrating Kinexys and DBS Token Services, both institutions are setting a precedent for interoperability in digital finance.
Once fully deployed, the system will create “payment highways” between banks linking private and public blockchains while enabling faster, secure on-chain transactions for clients.
DBS and JPMorgan already provide instant settlement capabilities within their respective networks. This collaboration extends those capabilities to a broader, cross-border scale.
Ensuring the Singleness of Money Across Chains
A key focus of the partnership is maintaining the “singleness of money.” This ensures tokenized deposits retain equal value across institutions and blockchains preserving trust and stability in digital finance.
Rachel Chew of DBS noted that 24/7 instant payments will help businesses move faster and seize global opportunities. She emphasized that linking digital asset systems safely is critical for the future of tokenized money.
Naveen Mallela, global co-head of Kinexys, added that this partnership demonstrates how major financial institutions can collaborate to ensure interoperability while protecting monetary integrity.
Tokenization Momentum Grows
The collaboration arrives as tokenized finance accelerates worldwide. DBS has recently partnered with Franklin Templeton and Ripple to expand tokenized trading and lending solutions. JPMorgan has also launched its own deposit token, JPMD, on Coinbase’s public blockchain.
According to the Bank for International Settlements, nearly one-third of surveyed banks are exploring tokenized deposits through pilots or research initiatives.
Through this joint effort, JPMorgan and DBS aim to make tokenized deposits more usable, scalable, and compliant paving the way for a new era of cross-chain, real-time financial infrastructure.