Overview
- Alibaba confirmed a corridor‑focused rollout by the end of December 2025, shifting portions of its B2B payment traffic onto the new rail.
- The system will use tokenized USD and EUR backed 1:1 by regulated deposits and run on JPMorgan’s Kinexys private blockchain infrastructure.
- Instant settlement between participating banks is intended to replace the typical 48–72 hour delays in cross‑border trade payments.
- Alibaba is integrating Agentic Pay to turn buyer‑supplier chats into binding contracts and to automate settlement, fund release, and dispute handling.
- Analysts say a successful pilot could reach billions in annual settlement volume and influence how banks and governments approach digital money.