JPMorgan and DBS are collaborating to create interoperability for tokenized deposits, aiming to bridge the gap between their platforms. JPMorgan leads in this field with tokens like JPMC and JPMD, while DBS has its own token scheme for USD and SGD deposits. Both banks are blockchain-agnostic and experienced in cross-network value transfers. Additionally, they are exploring other initiatives to develop interbank frameworks for tokenized deposits, including projects with the Monetary Authority of Singapore and the Regulated Liability Network.

Read more at Yahoo Finance: JPMorgan and DBS Explore Tokenized Deposit Interoperability in Quest for Multi-Bank Framework