TLDR Alibaba plans a tokenized global payment system using JPMorgan’s technology by December. The system targets cross-border B2B trade and uses tokenized USD and EUR. AI-driven smart contracts will automate processes like settlement and dispute resolution. JPMorgan’s tokenization tech and Alibaba’s reach set the stage for global financial disruption. Alibaba has partnered with JPMorgan to [...] The post Alibaba to Roll Out Stablecoin-Like Global Payments System Using JPMorgan Tech appeared first on CoinCentral.TLDR Alibaba plans a tokenized global payment system using JPMorgan’s technology by December. The system targets cross-border B2B trade and uses tokenized USD and EUR. AI-driven smart contracts will automate processes like settlement and dispute resolution. JPMorgan’s tokenization tech and Alibaba’s reach set the stage for global financial disruption. Alibaba has partnered with JPMorgan to [...] The post Alibaba to Roll Out Stablecoin-Like Global Payments System Using JPMorgan Tech appeared first on CoinCentral.

Alibaba to Roll Out Stablecoin-Like Global Payments System Using JPMorgan Tech

2025/11/15 12:04

TLDR

  • Alibaba plans a tokenized global payment system using JPMorgan’s technology by December.

  • The system targets cross-border B2B trade and uses tokenized USD and EUR.

  • AI-driven smart contracts will automate processes like settlement and dispute resolution.

  • JPMorgan’s tokenization tech and Alibaba’s reach set the stage for global financial disruption.


Alibaba has partnered with JPMorgan to create a stablecoin-like global payments system. This new system, expected to launch by December 2025, will leverage JPMorgan’s tokenization technology to streamline international transactions within Alibaba’s $35 billion e-commerce network.

Kuo Zhang, president of Alibaba.com, shared details in a CNBC interview, revealing that the system will use tokenized fiat—essentially a stablecoin-like model backed by real-world deposits—to simplify cross-border payments. The goal is to remove the friction currently faced by global traders due to slow, expensive, and fragmented payment systems. Alibaba’s move reflects its ambition to upgrade its payments infrastructure and offer real-time, low-fee solutions for international trade.

Tokenized Fiat and AI-Powered Smart Contracts for Global B2B Payments

The new payment network will initially focus on tokenized USD and EUR to streamline cross-border trade. Alibaba’s B2B platform, which connects businesses globally, will use JPMorgan’s tokenization technology to ensure faster, more cost-effective settlements. By digitizing fiat currencies, Alibaba aims to make payments seamless, 24/7, and less reliant on traditional banking systems that are slow and expensive, particularly for international transactions.

Alongside the tokenized payments, AI-powered smart contracts will be integrated into the system. These smart contracts will automate processes like settlement, release of funds, and dispute resolution. This step will drastically reduce the need for intermediaries and ensure transactions occur quickly once conditions are met, removing long delays typically experienced in international B2B payments.

Zhang emphasized Alibaba’s commitment to improving the user experience for global traders, saying, “Users from different countries shouldn’t need different platforms just to move money.” He further explained that tokenization could be the key to ensuring instantaneous, uniform payments globally, without the need for separate payment systems for each country.

JPMorgan’s Role in Tokenizing Fiat for Cross-Border Trade

JPMorgan’s involvement in the project brings invaluable expertise in tokenization and digital asset management. The financial giant has been expanding its blockchain and tokenization initiatives through its Kinexys platform, and its work with tokenized deposits, including JPM Coin, provides a solid foundation for Alibaba’s new payment system.

JPM Coin is a digital deposit token, backed 1:1 by bank deposits, and used primarily for institutional transactions. Unlike traditional stablecoins, JPM Coin is designed for high-volume institutional clients and facilitates near-instant settlements. Alibaba’s system will integrate similar principles to provide a smooth, secure method for tokenized payments across its vast global network.

The collaboration also highlights the growing trend of institutional adoption of blockchain technology in the financial services sector. Analysts believe that the Alibaba-JPMorgan partnership could be one of the most significant uses of tokenization to date, potentially moving billions of dollars annually in cross-border trade.

What’s Next for Alibaba’s Tokenized Payment System?

If Alibaba meets its December launch target, it will be among the first major global e-commerce players to introduce a tokenized global payment rail at scale. This could set a new standard for cross-border B2B payments, and pressure competitors in the U.S. and Europe to adopt similar systems to stay competitive.

The long-term impact could be far-reaching. As tokenization and blockchain technology continue to mature, businesses around the world could benefit from lower transaction fees, faster settlement times, and greater transparency. The Agentic Pay system, powered by Alibaba’s tokenized payment infrastructure, could eventually become a model for global B2B commerce, transforming how trade payments are conducted.

This system could also pressure traditional banks and financial institutions, which have historically dominated the space. With blockchain technology offering a decentralized, cost-effective alternative, traditional players may need to innovate or risk being left behind. The coming months will reveal how quickly Alibaba’s payment system can gain traction in the market, but the company’s extensive e-commerce network gives it a strong competitive edge.

The post Alibaba to Roll Out Stablecoin-Like Global Payments System Using JPMorgan Tech appeared first on CoinCentral.

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