Overview
- Kuo Zhang told CNBC that Alibaba.com will pilot tokenized fiat rails to streamline cross‑border settlement for businesses.
- JPMorgan’s Kinexys/JPMD infrastructure will serve as the backbone to move bank‑issued tokens between participating institutions.
- The initial deployment is planned for late December 2025 across high‑volume supplier corridors using USD and EUR deposit tokens.
- Agentic Pay will use AI to generate contracts and trigger settlement events, including release of funds and dispute workflows.
- The design targets predictable, near‑instant transfers that replace typical 48–72 hour delays and steers clear of China’s private stablecoin crackdown.