Financial giants JPMorgan and DBS have unveiled a revolutionary framework for tokenized deposits transfers that echoes the infrastructure of the XRP Ledger. The initiative promises seamless cross-border payments with near-instant settlement times. 24/7 real-time transactions are now possible between their blockchain ecosystems, Kinexys Digital Payments and DBS Token Services. Clients can transfer tokenised deposits across public and permissioned blockchains without friction. This interoperability aims to revolutionize global financial transactions by eliminating the need for intermediaries. 🕵️♂️ Analysts believe this new system could reshape cross-border payments by creating a more efficient, secure, and cost-effective alternative to traditional methods. The innovative approach seems to draw inspiration from established solutions like XRP Ledger’s infrastructure. Pumpius, financial commentator, highlights similarities in real-time settlement capabilities, low-cost transfers, and the ability to facilitate cross-border transactions on multiple blockchains. This new framework may not introduce a completely groundbreaking solution but rather integrate an existing model that has proven itself within the financial sector.