Yahoo Finance·2025-11-15 20:00Core Viewpoint - Alibaba's global business-to-business platform is transitioning to streamline cross-border payments using tokenized currencies, indicating a significant shift towards blockchain-based settlement in global commerce [1]. Group 1: Tokenized Currency Implementation - Alibaba.com plans to utilize tokenized deposits backed by fiat currencies like the U.S. dollar and euro, in collaboration with JPMorgan, to enhance transaction speed and reduce intermediaries in international payments [2]. - The current cross-border trade process involves multiple banks and currency conversions, which increases time and costs; tokenized currency aims to simplify this by enabling direct transfers over a blockchain system [3]. Group 2: Blockchain Infrastructure - The platform will leverage JPMorgan's blockchain-based JPMD infrastructure to facilitate the movement of tokenized deposits among institutional clients, ensuring a more efficient payment process [4]. - Unlike stablecoins, which are typically issued by non-banks, tokenized deposits will be maintained on a regulated bank's balance sheet, providing regulatory and operational clarity [4].