DBS and JPMorgan take the first step towards Ethereum L2-based interoperability
- DBS and Kinexys by J.P. Morgan create a framework that tokenized deposit transfers via public blockchains enabled.
- The initiative aims to enable real-time international transactions for institutional customers and improve interoperability.
DBS Bank in Singapore and JP Morgan’s Kinexys have Plans to create an interoperability framework presentedthe one in which it possible becomes, Token deposits to transfer directly between their blockchains. This is expected to set a new standard for international financial transactions.
Both banks already offer their customers real-time settlement and 24/7 liquidity within their own blockchain networks. DBS operates through its Token Services platform, while Kinexys offers digital payments solutions.
The new framework will make it possible to connect these systems and enable the exchange and redemption of tokenized deposits on both networks.
BIG: JPMorgan and DBS have announced plans to build a tokenization framework for interbank deposits.
Curious timing, isn’t it?
The same banks that once dismissed blockchain are suddenly working on tokenized deposits, instant settlement, and cross-border liquidity. It sounds… pic.twitter.com/TB3PPqGmb1
— Pumpius (@pumpius) November 11, 2025
For example, a JP Morgan customer could transfer JPM Deposit Tokens (JPMD) over the Base Layer 2 Ethereum network to a DBS customer, who could exchange them for an equivalent amount on the DBS network.
This collaboration underlines the principle of the uniqueness of money and ensures that tokenized deposits maintain their value and fungibility across multiple chains and issuers.
Rachel Chew, Group COO und Head of Digital Currencies bei DBS, sagt:
“Our collaboration with Kinexys by JP Morgan to develop an interoperability framework is therefore a significant milestone for cross-border money movement and has the potential to pave the way for future partnerships.”
Direct onchain transactions
The initiative will bring it to the common institutional customer base the largest Bank Southeast Asia and one of the largest The bankAmericamake possible to carry out transactions on the blockchain regardless of location.
The interoperability initiative would es the shared institutional customer base the largest Bank of Southeast Asia and one of the largest Allowing banks in the US to conduct direct transactions on the blockchain regardless of location.
Naveen Mallela, Global Co-Head of Kinexys by JP Morgan, noted that collaboration is key to developing the next generation financial architecture.
He also noted that ensuring compatibility without compromising the uniqueness of money is paramount to enabling transactions across different networks safely and efficiently.
The acceptance of tokenized financial assets has accelerated. Nearly a third of commercial banks surveyed in the 2024 survey conducted by the Bank for International Settlements have either launched pilots of tokenized deposits or conducted research on them.
DBS and Kinexys are setting new standards by introducing a system that integrates public and permissioned blockchains in relation to Usability and scalability von Tokenized Deposits one Companies manage their finances and Compliance more legal Regulations to facilitate .
With this move, DBS and JP Morgan are setting in motion a trend towards interoperability among banks and marking an important milestone in the development of tokenized finance.
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