JPMorgan and DBS Bank have partnered to develop a cross-border tokenised deposit framework aimed at enhancing the efficiency of international transactions. This collaboration seeks to leverage blockchain technology to facilitate seamless cross-border payments and improve the overall banking experience for clients. By integrating tokenised deposits, the banks aim to reduce transaction times and costs associated with traditional banking methods. The initiative reflects a growing trend among financial institutions to adopt digital solutions that streamline operations and enhance customer service.
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