Alibaba is getting ready to shake up global B2B payments, and it’s doing it with JPMorgan’s blockchain technology.
The company plans to launch a tokenized payment network by December, aiming to fix one of global trade’s biggest problems: slow, expensive cross-border transactions.
Kuo Zhang, president of Alibaba.com, told CNBC that the company is building a settlement system based on tokenized USD and EUR – something that works “stablecoin-like,” but is backed by real bank deposits. The goal is to make payments feel seamless, no matter where the buyer or supplier is based.
“We feel the urgency that we need to use AI to redesign how people do global trade” Zhang said. “We think it’s going to be a paradigm shift for e-commerce for B2B”
Alibaba wants to solve the classic pain points in B2B trade – multi-currency delays, long settlement windows, and high fees. Today, payments can be stuck for 48 to 72 hours, which is a problem tokenizing deposits can solve.
The company is also rolling out Agentic Pay, a new payment rail that uses AI to automatically turn chat discussions between buyers and suppliers into contracts.
To power this upgrade, Alibaba is tapping JPMorgan’s tokenization unit, Kinexys.
The timing is interesting too. JPMorgan already moves around $2 billion in tokenized transactions every day and just two days before launched its deposit token on Base.
This partnership brings two heavyweights together: Alibaba on the global commerce side, and JPMorgan as the bank that is set to become one of the strongest players in real-world blockchain payments.
If Alibaba hits its December timeline, this could become one of the largest real-world deployments of tokenized money in global trade. Analysts expect billions in annual settlement volume to eventually move through the system.
This is an interesting glimpse of how cross-border finance will operate going forward. Time will tell us more about adoption.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Most visited crypto after Bitcoin today isn’t some blue-chip altcoin like ETH, SOL or XRP…
The White House said the banking industry was wrong about stablecoin yield. The banking industry…
Ethereum is starting to flash signals that have historically marked the beginning of major rallies.…
After a brief rally, Bitcoin price yet again faced a significant pullback and is entering…
Story Highlights The Ethereum price today is . The asset could reach a high of…
Toncoin (TON) price is holding firm above its recent breakout zone, stabilizing near the $1.40…
