JPMorgan, Apollo Tokenize Funds in 'Proof of Concept' With Axelar, Oasis, Provenance

JPMorgan, Apollo Tokenize Funds in ‘Proof of Concept’ With Axelar, Oasis, Provenance

Traditional-finance giants JPMorgan and Apollo successfully worked with a handful of blockchain firms to demonstrate “proof of concept” for how asset managers could tokenize funds on the blockchain of their choice, according to a press release.

JPMorgan’s Onyx Digital Assets collaborated with interoperability layer Axelar, infrastructure provider Oasis Pro and Provenance Blockchain to manage large-scale client portfolios, execute trades and enable automated portfolio management of tokenized assets, according to the release.

Oasis Pro enabled the tokenization of assets, such as Apollo funds, on the Provenance Blockchain Zone, according to the release.

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The initiative is part of Project Guardian, a collaborative effort led by the

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