Alibaba and JPMorgan Team Up for Tokenized B2B Payments by 2025

Global payments giant Alibaba has joined forces with JPMorgan to develop a tokenized B2B payment system, targeting a launch date of December 2025. This initiative marks a significant development in the intersection of finance and blockchain technology. Led by executives from both companies, including Jamie Dimon from JPMorgan and Eddie Wu from Alibaba, this collaboration aims to revolutionize global business transactions through the application of blockchain innovations.