JPM and Apollo Global announced they have been working on Project Guardian in tandem with the Monetary Authority of Singapore to deliver a proof-of-concept using permissioned blockchain infrastructure to bring tokenization to the asset management industry. The project aims to standardize the subscription and redemption processes, automate portfolio rebalancing, enable cross-chain interoperability, and more for the $5T+ wealth management industry.
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J.P. Morgan and Apollo Explore Tokenization in Investment Portfolios Across Blockchains
"The interoperability achieved through Project Guardian is a step forward in showing how tokenized traditional and alternative investments can be automatically managed across multiple systems."
