Chinese tech giant Alibaba is set to begin using JPMorgan’s blockchain platform, Onyx, to process payments in tokenized U.S. dollars and euros, marking a notable step forward in the adoption of blockchain for real-world financial transactions. The move will allow Alibaba.com, the company’s global B2B e-commerce marketplace, to streamline settlements for cross-border orders between buyers and sellers more efficiently and securely.
This collaboration leverages JPMorgan’s programmable payments network, which has been gaining traction among institutions looking to modernize international payments. The integration enables transactions to be settled faster and with greater transparency compared to traditional banking systems, which often take several days to clear. By utilizing JPM Coin, JPMorgan’s blockchain-based token representing fiat deposits, Alibaba can reduce the friction typically associated with global trade.
This development comes as part of a broader trend of major corporations exploring tokenized finance to improve payment infrastructure. JPMorgan has reportedly processed over $1 billion in daily transactions using JPM Coin, mainly for institutional clients. Alibaba’s adoption may signal growing interest among tech and commerce platforms in blockchain-backed solutions to bypass slow, costly international wire transfers.
As regulatory clarity around stablecoins and tokenized money improves, such integrations are likely to become more common. For Alibaba, partnering with a global bank like JPMorgan offers a balance of innovation and institutional trust — a necessary combination for operating at the scale of global commerce.






















































































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