[DBS and JPMorgan Develop Tokenized Deposit Interoperability Framework] Singapore's DBS Bank has partnered with JPMorgan's Kinexys to develop an interoperability framework that supports tokenized deposit transfers between the blockchain ecosystems of the two institutions. This framework enables customers to conduct real-time transactions around the clock across public and permissioned blockchain networks, addressing interoperability and security risks. Customers using JPM deposit tokens built on Ethereum Layer 2 Base can interact with DBS token services operating on permissioned blockchains. Recently, BNY Mellon and major UK banks Barclays, Lloyds, and HSBC have also launched similar projects.