Singapore's largest bank DBS, JPMorgan team up to enable real-time tokenised transfers across chains
Key Takeaways
- DBS and JPMorgan have collaborated on a framework enabling interoperability for tokenized deposits.
- The collaboration aims for real-time interbank transfers of tokenized deposits across multiple blockchains.
Share this article
DBS, Singapore’s largest retail and commercial bank, has partnered with Kinexys by JPMorgan to develop an interoperability framework for tokenized deposits, which are blockchain-based digital representations of bank deposits that facilitate instant settlements.
The collaboration with JPMorgan’s Kinexys division aims to create a framework enabling real-time interbank tokenized deposit transfers across multiple blockchains.
Last month, DBS and Goldman Sachs executed the first-ever crypto options trade between banks, involving cash-settled over-the-counter options for Bitcoin and Ether. The move marked a major step in integrating traditional finance with the crypto ecosystem and reflects growing confidence in crypto derivatives among major financial institutions for hedging and risk management.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stellar News Today: Blockchain Opens Up Clean Energy Investment Opportunities While Turbo Taps Into $145B EaaS Sector
- Turbo Energy partners with Stellar and Taurus to tokenize solar energy financing via blockchain, targeting Spain's supermarket sector. - The pilot uses Energy-as-a-Service (EaaS) models with tokenized PPAs, enabling fractional investor ownership and reducing capital barriers. - Blockchain streamlines liquidity and transparency, aligning with a $145B EaaS market growth projection by 2030 driven by sustainable infrastructure demand. - Taurus manages token compliance via its platform, while Stellar's low-co
Ethereum Updates: Major Holders Increase Their Ethereum Stash Fivefold While BTC/ETH ETFs See Outflows—Altcoins Draw in $126 Million
- Bitcoin and Ethereum spot ETFs lost $605M in outflows, contrasting with $126M inflows into Bitwise's Solana ETF (BSOL), highlighting shifting investor priorities toward altcoins. - Ethereum's largest whale quintupled ETH holdings to $138M while closing Bitcoin longs, reinforcing institutional confidence in Ethereum's long-term potential amid stable technical indicators. - Solana's ETF success ($545M total inflows) reflects growing institutional demand for altcoins despite 16% price declines, driven by it
Red Bull Racing’s advantage? An engineer who approaches workflows with the precision of timing laps
Hyperliquid's Growing Influence in Crypto Trading: Can It Maintain Long-Term Investment Appeal?
- Hyperliquid dominates 80% of 2025 perpetual contract market via on-chain governance and user-driven liquidity innovations. - Centralized governance (HIP-3 protocol, USDH stablecoin launch) balances permissionless market creation with validator dominance risks. - HLP liquidity model generates $40M during crashes but faces regulatory scrutiny and token economics challenges from 2025 HYPE unlock. - TVL growth to $5B and 518K active addresses highlight adoption, yet governance centralization and institutiona
Trending news
MoreCrypto prices
More
