Alibaba’s Tokenized Payment Set to Transform International Trade with Real-Time Settlements

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Alibaba’s Tokenized Payment Set to Transform International Trade with Real-Time Settlements

Bitget-RWA2025/11/14 13:14

By:Bitget-RWA

- Alibaba and JPMorgan launch Agentic Pay, a tokenized B2B payment system using deposit tokens for instant cross-border settlements. - The platform integrates AI for automated contract generation, streamlining trade documentation while avoiding stablecoins and crypto volatility. - Backed by bank-held fiat deposits (JPMorgan's JPMD tokens), it aligns with China's regulatory preferences and offers yield-bearing features for institutional users. - Projected to process billions annually, the system could redef

Alibaba Group Holding Ltd. is set to introduce a tokenized payment platform by December, aiming to transform cross-border B2B payments,

utilizing blockchain solutions developed by JPMorgan Chase & Co.

to eliminate the need for conventional banking intermediaries. This platform, which will use tokenized deposits in U.S. dollars and euros, is designed to provide almost immediate settlement for international trade,

tackling persistent challenges of slow and expensive multi-currency transactions

. Kuo Zhang, Alibaba's president,

highlighted the pressing need to update global trade systems

, describing the project as a "paradigm shift" in the e-commerce sector.

The new service, named "Agentic Pay," will incorporate AI to

automatically generate contracts between buyers and sellers

, simplifying trade paperwork that has traditionally required manual effort and significant time. This blend of

artificial intelligence

and tokenized payments fits with Alibaba's broader strategy to expand its AI infrastructure, including the rollout of new AI models and chips earlier this year

as reported by Forbes

The company's international e-commerce division,

Alibaba

.com,

saw a 50% year-on-year growth

in active global suppliers, reflecting the vast reach of its overseas business.

Unlike stablecoins, which are generally supported by assets such as bonds or fiat reserves, Alibaba's tokenized payment system uses "deposit tokens" that are directly linked to actual

bank

deposits, a method

first introduced by JPMorgan

with its JPMD token. JPMorgan's deposit token, which operates on Coinbase's Base blockchain, enables institutional users to transfer funds within seconds at any time,

sidestepping conventional banking hours and intermediaries

. Alibaba's model, developed in collaboration with JPMorgan's Kinexys blockchain division, does not depend on cryptocurrency exchanges or unstable assets, an important factor for major trade networks

based on financial disclosures

This initiative comes as China increases oversight of stablecoins, which are often issued by non-bank organizations and operate in a regulatory gray area. Alibaba's deposit tokens, which are backed by fiat currency held in banks, are consistent with China's preference for centralized, bank-supported digital money

according to financial analysis

. JPMorgan's deposit tokens, in contrast to stablecoins, can also provide interest-earning opportunities,

potentially appealing to institutional investors

looking to earn returns on unused funds.

Experts estimate that this collaboration could handle billions of dollars in settlements each year, positioning Alibaba at the forefront of tokenized B2B financial services

according to market analysis

. Should the December rollout prove successful, it could prompt U.S. and European rivals to adopt similar technologies as tokenization becomes more prevalent in global supply chains and capital markets

according to industry experts

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Alibaba’s Tokenized Payment Set to Transform International Trade with Real-Time Settlements

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