According to CoinMarketCap, JPMorgan and DBS Bank are developing a blockchain framework for instant 24/7 transfers between their deposit token ecosystems across both public and permissioned networks, source: CoinMarketCap, Nov 12, 2025. MAS Project Guardian pilots involving JPMorgan and DBS have previously tested tokenized deposits, on-chain FX and atomic delivery-versus-payment across public chains such as Polygon and permissioned systems, demonstrating technical viability for real-time settlement, source: Monetary Authority of Singapore, Project Guardian updates Nov 2022 and Nov 2023. Onyx by JPMorgan reports that deposit tokens provide programmable, always-on settlement and can complement stablecoins for institutional on-chain payments, which is relevant for weekend liquidity and counterparty risk management, source: Onyx by JPMorgan, 2023 deposit token research. For traders, BIS analysis indicates that 24/7 interbank token rails can narrow spreads and deepen liquidity in tokenized markets, implying potential on-chain volume tailwinds if EVM public networks are utilized, source: Bank for International Settlements, 2023 blueprint on the future monetary system.