How is Alibaba.com using blockchain technology to improve cross-border payments?

Alibaba.com is partnering with JPMorgan to use tokenized versions of major currencies like the U.S. dollar and euro, which will allow for faster and more cost-effective international transactions by bypassing intermediaries.

What is the difference between the tokenized deposits Alibaba.com will use and stablecoins?

Unlike stablecoins, which are typically issued by non-banks and backed by assets like treasuries, the tokenized deposits Alibaba.com will use will sit on a regulated bank's balance sheet, providing greater regulatory and operational clarity.

What are the key benefits of Alibaba.com's blockchain-based payment system?

The new system aims to speed up cross-border transactions and reduce the number of intermediaries involved, which can add both time and cost to the current process of international payments.

Home / Business and Economy / Alibaba Leverages Blockchain to Revolutionize Cross-Border Payments

Alibaba Leverages Blockchain to Revolutionize Cross-Border Payments

16 Nov

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Summary

Alibaba.com to use tokenized fiat currencies for faster, cheaper global transactions
Partnering with JPMorgan to build blockchain-based payment system
Exploring stablecoins as future option, but focusing on bank-issued digital tokens first

Alibaba Leverages Blockchain to Revolutionize Cross-Border Payments

As of November 16th, 2025, Alibaba's global business-to-business platform, Alibaba.com, is taking a significant step towards revolutionizing cross-border payments. The company has announced plans to begin using tokenized deposits backed by fiat currencies such as the U.S. dollar and euro, in partnership with JPMorgan.

This blockchain-based technology is designed to expedite international transactions and minimize the number of intermediaries involved. Currently, a U.S. buyer sending dollars to a Chinese supplier may face a complex process of funds being routed through multiple banks and undergoing currency conversions, adding both time and cost. With tokenized currency, a digital version of the dollar could be transferred directly over a blockchain system, bypassing these intermediaries.