Overview
- Alibaba.com president Kuo Zhang confirmed the project and said the company is targeting an initial rollout by the end of December.
- The rail will run on JPMorgan’s tokenization stack (Kinexys/JPMD), using regulated deposit tokens rather than non‑bank stablecoins.
- Early corridors will prioritize USD and EUR flows across Alibaba’s $35 billion B2B network to improve cash flow predictability for exporters and buyers.
- Alibaba’s Agentic Pay will layer AI‑driven smart contracts to automate invoices, conditional fund release, and dispute handling.
- Wider adoption depends on participant onboarding and regulatory clearance, with analysts suggesting volumes could reach billions annually if pilots succeed.