DBS and JP Morgan’s Kinexys Bridge Asia–US Finance With Tokenized Blockchain Infrastructure

A major leap in digital finance is on the horizon as DBS Bank and Kinexys by J.P. Morgan announced on November 10 their collaboration to create an interoperability framework for cross-bank tokenized deposit transfers. The initiative aims to enable instant, 24/7 value movement across blockchain ecosystems, enhancing institutional liquidity and transaction scalability across global markets.

Setting a New Standard in Tokenized Finance

The proposed framework is designed to facilitate the exchangeability and settlement of tokenized deposits across both public and permissioned blockchains—a move that could redefine interoperability in the banking sector. Upon completion, it will establish a secure on-chain connection between DBS and Kinexys, allowing clients to perform cross-bank, cross-chain transactions with greater efficiency and reach.

Driving Always-On Global Payments

Rachel Chew, Group Chief Operating Officer and Head of Digital Currencies at DBS, highlighted the real-world benefits of the initiative:

“Instant 24/7 payments provide businesses with the agility and speed to navigate global uncertainties and capture emerging opportunities.”

Echoing this, Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, emphasized the collaboration’s role in ensuring the “singleness of money” across interoperable tokenized systems.

Kinexys, J.P. Morgan’s blockchain-powered platform, is engineered to revolutionize how money, assets, and financial data move across networks—bridging traditional banking and decentralized finance.

Expanding Institutional Capabilities

The partnership could significantly enhance institutional payment and settlement efficiency. Both banks envision a system that allows the combined client base of DBS and J.P. Morgan—spanning Southeast Asia and the United States—to pay, exchange, and redeem tokenized deposits across both institutions’ platforms in real time, without the constraints of traditional banking hours.

Pioneering the Future of Digital Asset Infrastructure

By co-developing a cross-issuer, cross-network interoperability framework, DBS and Kinexys are taking a decisive step toward advancing the usability, scalability, and regulatory alignment of tokenized deposits. Their collaboration underscores a shared commitment to building resilient global digital asset infrastructure, setting a new benchmark for how businesses manage liquidity and cross-border value exchange in the tokenized economy.

Source: News Bitcoin
 

Voice of Osiz

DBS and Kinexys by J.P. Morgan have announced a strategic collaboration to develop an interoperability framework for cross-bank tokenized deposit transfers. This initiative aims to enable seamless, instant, and 24/7 value movement across blockchain ecosystems, enhancing institutional liquidity and scalability across markets. The framework will connect public and permissioned blockchains, allowing cross-bank on-chain transactions and setting a new benchmark for digital finance. With this, clients can experience round-the-clock payments and cross-border transactions in real time. Both banks reaffirm their commitment to driving the global adoption of tokenized deposits while ensuring compliance and financial innovation.