Financial giant JPMorgan has collaborated with Apollo Global and Singapore’s Project Guardian to develop a proof-of-concept on the Avalanche blockchain. This innovative project aims to transform asset and wealth management by leveraging blockchain technology, smart contracts, and tokenization.
Keypoints
- JPMorgan and Apollo Global demonstrated a proof-of-concept using Avalanche blockchain for asset management
- This aims to transform portfolio management through blockchain, smart contracts, and tokenization
- The proof-of-concept connects JPMorgan’s Onyx Digital Assets to tokenized funds on Avalanche
- It utilizes LayerZero protocol to bridge Onyx and Avalanche’s institutional subnet
- Tokenization could simplify portfolio management by automating processes for alternative assets
The proof-of-concept demonstrates how connecting JPMorgan’s Onyx Digital Assets to tokenized funds on Avalanche can streamline portfolio…
