JPMorgan Chase and DBS Bank to Develop Unique Blockchain Framework with 24/7 Transactions
**JPMorgan Chase Partners with DBS Bank to Develop Institutional Blockchain Framework for 24/7 Transactions**
JPMorgan Chase, a leading financial institution, has partnered with DBS Bank, a multinational banking firm based in Singapore, to develop a unique blockchain framework aimed at enabling 24/7 transactions. This collaboration marks a significant milestone in decentralized finance, merging traditional banking with public blockchain networks to facilitate borderless, reliable, and faster payments.
According to CoinMarketCap, the partnership’s blockchain framework will allow institutional users to conduct instant payments without time restrictions, operating seamlessly across both permissioned and public blockchain networks. This development highlights the increasing adoption of blockchain technology within the traditional financial ecosystem.
A key component of this initiative is the launch of JPM Coin, a deposit token designed for institutional use through the Base Blockchain. This tokenization solution is expected to significantly improve payment efficiency by enabling real-time settlements and promoting transparency and trust in transfers.
The collaboration not only aims to enhance cross-ecosystem payments but also signals a broader shift toward digital finance innovation. By embracing cutting-edge tokenization solutions, JPMorgan and DBS Bank are setting a new industry benchmark for digital payments within the banking sector, targeting faster, cost-effective, and more reliable institutional payments.
Looking ahead, JPMorgan plans to unveil the full tokenization ecosystem by 2026, further driving blockchain expansion in institutional finance and reinforcing its commitment to pioneering next-generation digital payment systems.
https://bitcoinethereumnews.com/blockchain/jpmorgan-chase-and-dbs-bank-to-develop-unique-blockchain-framework-with-24-7-transactions/
You may also like
延伸阅读
You may be interested
The New York Times
- U.S. Border Patrol Agents Shoot 2 in Portland During Traffic Stop 2026 年 1 月 9 日 Anna Griffin, Hamed Aleaziz and Thomas Fuller
- N.Y.P.D. Fatally Shoots Blade-Wielding Man in Hospital, Officials Say 2026 年 1 月 9 日 Ed Shanahan and Tim Balk
- Inside Myanmar’s Gilded Capital, Empty Streets and Moldy Corners 2026 年 1 月 9 日 Hannah Beech and Daniel Berehulak
- More Agents Head to Minnesota as U.S. Takes Over Shooting Investigation 2026 年 1 月 9 日 Nicholas Bogel-Burroughs, Mitch Smith and Jacey Fortin
- Russia Appears to Use Nuclear-Capable Missile in Ukraine 2026 年 1 月 9 日 Andrew E. Kramer
- Amid Opening Sprint, Mamdani Paused to Socialize With Steven Spielberg 2026 年 1 月 9 日 Katherine Rosman and Nicholas Fandos
- The Next Phase of Trump’s Renovations: A New ‘Upper West Wing’ 2026 年 1 月 9 日 Katie Rogers, Luke Broadwater, Zolan Kanno-Youngs and Tyler Pager
- Iran Is Cut Off From Internet as Protests Calling for Regime Change Intensify 2026 年 1 月 9 日 Farnaz Fassihi, Pranav Baskar and Sanam Mahoozi
- Once Again, a Newfoundland Town Rescues Stranded Passengers 2026 年 1 月 9 日 Rylee Kirk
- Families of Slain Idaho Students Sue the University the Killer Attended 2026 年 1 月 9 日 Pooja Salhotra
Leave a Reply