DBS Bank ( Singapore ) and Kinexys – a unit of J.P. Morgan – are jointly developing an ( interoperability framework ) to enable tokenized deposit transfers between public and licensed blockchain networks.
This system aims for continuous trading 24/7 between platforms such as JPM Deposit Tokens ( built on Ethereum Layer 2 Base) and DBS Token Services ( operating on a private blockchain). The solution is expected to enhance instant payment and liquidity capabilities for institutional clients, while also reducing security risks due to a lack of native interoperability between networks.
A representative from Kinexys stated that this is a prime example of how financial institutions can collaborate to leverage the benefits of tokenized deposits, while ensuring currency consistency and interoperability between markets.
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