Two major financial players are cooking up something interesting. DBS and JP Morgan's Kinexys division are building an interoperability framework that could change how tokenised deposits move around.

The framework they're working on? It's designed to handle real-time transfers of tokenised deposits across different on-chain ecosystems. We're talking about bridging both public blockchains and permissioned networks here.

What makes this notable is the connection between their respective blockchain platforms. Once operational, this setup would let both banks shift tokenised assets seamlessly between their systems, regardless of the underlying chain infrastructure.

This kind of cross-platform capability has been a sticking point in institutional crypto adoption. If they pull it off, it might set a precedent for how traditional banks handle digital assets moving forward.