JPMorgan and DBS Bank Launch Blockchain-Based Cross-Border Tokenized Deposit Platform

Global financial giants JPMorgan and DBS Bank have announced a strategic partnership to develop an innovative cross-border tokenized deposit framework. This blockchain-powered solution will enable seamless international transactions using tokenized deposits, representing a significant advancement in digital asset infrastructure for traditional banking institutions. The collaboration leverages JPMorgan's Onyx blockchain platform and DBS's digital asset capabilities to create interoperable banking solutions that could revolutionize cross-border payments and settlement systems.