(11 November 2025 – Singapore) JPMorgan and DBS are developing a new interoperability framework to enable tokenised value transfers between both banks’ on-chain ecosystems, Kinexys Digital Payments and DBS Token Services.
The framework seeks to enable seamless exchangeability and settlement of tokenised deposits across public and permissioned blockchains, with the aim to set a new standard for the industry. Both groups offer existing 24/7 liquidity and real-time settlement payments capability within their individual ecosystems as part of their blockchain-powered banking services.
The move will enable the combined institutional client base of Southeast Asia’s and the United States’ largest bank respectively to transfer funds and exchange or redeem tokenised deposits across either banks’ platform, across borders with real-time round-the-clock availability.
“We are relentlessly focused on building the next-generation financial infrastructure, backed by deep industry expertise and strong collaborations across the globe. Working with DBS on this initiative is a clear example of how financial institutions can collaborate to further the benefits of tokenised deposits for institutional clients while protecting the singleness of money and ensuring interoperability across markets” commented JPMorgan Global Co-Head of Kinexys, Naveen Mallela.
“Instant 24/7 payments provide businesses with the optionality, agility and speed to navigate global uncertainties and capture emerging opportunities. As the digital asset ecosystem continues to grow, interoperability remains a critical piece in reducing fragmentation and ensuring that the full value of tokenised money can be transferred safely across borders. Our collaboration with Kinexys by JPMorgan to develop an interoperability framework is therefore a significant milestone for cross-border money movement, with the potential to pave the way for future partnerships” stated DBS Group COO and Head of Digital Currencies, Global Transaction Services, Rachel Chew.