DBS Bank Singapore and JPMorgan Chase partner to enhance cross-chain tokenized deposit functionality

DBS Bank and JPMorgan Chase are creating a framework to enhance cross-chain tokenized deposit interoperability, facilitating continuous transfers between public and permissioned blockchains.

This partnership aims to improve security through the connection of JPMorgan’s Deposit Tokens to DBS’s services, while similar initiatives are also underway with banks in the UK.

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