– DBS and JPMorgan’s Kinexys collaborate on real-time tokenized deposit transfers – Initiative aims to merge traditional finance with decentralized settlement architecture – New framework reduces settlement times from days to seconds – System leverages Kinexys’ cross-chain infrastructure for compliance and privacy – Collaboration focuses on interoperability standards for blockchain-based deposits – Tokenized deposits are fully backed by bank-held funds, unlike stablecoins – Partnership follows DBS and Goldman Sachs’ interbank crypto options trade – SUBBD presale surpasses $1.3 million in fundraising for AI-driven project

Singapore's largest bank, DBS, in collaboration with JPMorgan's Kinexys division, is developing a framework for real-time interbank transfers of tokenized deposits across multiple blockchains. This initiative aims to merge traditional finance with decentralized settlement architecture.

The framework will streamline liquidity between institutions, reducing settlement times from days to seconds, and lowering operational risks in cross-border transactions.
Kinexys' infrastructure enables interaction between permissioned and public blockchains without compromising compliance or data privacy.
The focus is on creating interoperability standards for banks to issue, move, and redeem blockchain-based representations of customer deposits in real time.
Tokenized deposits are fully backed by bank-held funds, offering regulatory oversight while benefiting from blockchain's programmability and instant settlement.

DBS Expands Blockchain Integration

DBS continues to integrate blockchain into institutional finance and recently executed the first-ever interbank crypto options trade with Goldman Sachs, involving Bitcoin and Ether options.
Goldman Sachs anticipates more institutional involvement in digital assets in the near future.

While major institutions like JP Morgan and DBS advance asset tokenization, early-stage projects such as SUBBD are also gaining traction, though details about its presale are omitted here to maintain focus on DBS and JPMorgan's initiatives.