JPMorgan Partners Singapore’s Largest Bank, DBS, for Tokenized Deposit Transfers
Singapore’s DBS Bank partners with JPMorgan’s Kinexys to enable instant interbank transfers of tokenized deposits across blockchains, reducing settlement times from days to seconds.
The framework creates interoperability standards allowing banks to issue and move blockchain-based deposit representations instantly.
Tokenized deposits maintain full regulatory oversight while delivering programmability and settlement speed of blockchain technology.
DBS previously executed the first interbank crypto options trade with Goldman Sachs involving Bitcoin and Ethereum last month.
Singapore’s largest bank, DBS, has teamed up with JPMorgan’s Kinexys division to design a framework enabling real-time interbank transfers of tokenized deposits across multiple blockchains. The initiative represents a significant step toward merging traditional finance with decentralized settlement architecture.
According to local reports, the new framework will streamline liquidity movement between institutions, reduce settlement times from days to seconds, and lower operational risks in cross-border transactions. The system will leverage Kinexys’ cross-chain infrastructure, enabling interaction between permissioned and public blockchains without compromising compliance or data privacy.
The collaboration focuses on creating interoperability standards that allow banks to issue, move, and redeem blockchain-based representations of customer deposits in real time.
“As the digital asset ecosystem continues to grow, interoperability remains a critical piece in reducing fragmentation and ensuring that the full value of tokenized money can be transferred safely across borders,” said Rachel Chew, Group Chief Operating Officer and Head of Digital Currencies, Global Transaction Services, DBS Bank.
Tokenized deposits differ from stablecoins by being fully backed by bank-held funds, maintaining regulatory oversight while delivering the programmability and instant settlement benefits of blockchain technology.
DBS Expands Blockchain Integration Efforts
The partnership follows DBS’s ongoing efforts to integrate blockchain-based products into institutional finance.
As major institutions like JP Morgan and DBS advance asset tokenization initiatives, early-stage projects such as SUBBD continue attracting investor attention.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
