According to The Block, Singapore's DBS Bank and JPMorgan's Kinexys are developing an interoperability framework aimed at enabling tokenized deposit transfers between the two institutions' blockchain ecosystems. The framework will allow customers to transact in real time, 24/7, between public and permissioned blockchain networks, breaking down barriers traditionally associated with limited interoperability and security risks.
According to reports, customers using JPM deposit tokens built on the Ethereum Layer 2 Base will be able to interact with the DBS token service running on a permissioned blockchain. The collaboration is part of the global Financial Institution Group tokenization trend, with similar projects recently announced by BNY Mellon and major UK banks including Barclays, Lloyds, and HSBC.
DBS partners with JPMorgan Chase to develop a tokenized deposit interoperability framework
2025-11-11 10:18:38
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