Key Metrics
12.41
Heat Index-
Impact LevelMedium
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Scope LevelGlobal
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Last Update2025-11-14
Key Impacts
Positive Impacts (6)
Negative Impacts (2)
Event Overview
The introduction of a tokenized payment system aims to streamline cross-border B2B transactions by addressing inefficiencies in traditional banking. This innovation leverages blockchain technology to reduce costs, eliminate intermediary delays, and enable faster, more secure fund transfers across different jurisdictions.
Collect Records
Alibaba.com and JPMorgan Launch Tokenized Payment System for B2B Cross-Border Settlements
Alibaba.com, a cross-border e-commerce platform, has partnered with JPMorgan to introduce a tokenized payment system aimed at improving cross-border settlements for its global B2B business. The collaboration seeks to address issues such as multiple intermediaries, high costs, and slow clearing times in traditional cross-border payments. By leveraging JPMorgan's blockchain technology, the system will enable funds to flow synchronously across jurisdictions, thereby reducing delays and costs. This partnership was announced at the CoCreate Europe event in London and marks the first large-scale application of bank-endorsed blockchain technology in international trade.