JPMorgan Explores Fund Tokenization for Personalized Portfolio Management

Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Brian Yue
Author Categories
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
According to a press release issued on Wednesday, the companies said that blockchain technology has the potential to be employed for the management of extensive client portfolios, the execution of trades, and the facilitation of automated portfolio management for tokenized financial assets.
Source: Pixabay

JPMorgan and Apollo have collaborated with several blockchain firms to showcase a “proof of concept”, demonstrating how asset managers can tokenize funds using the blockchain of their preference.

According to a press release issued on Wednesday, the companies said that blockchain technology has the potential to be employed for the management of extensive client portfolios, the execution of trades, and the facilitation of automated portfolio management for tokenized financial assets.

The demonstration additionally enabled wealth managers to acquire and rebalance their positions in tokenized assets across various blockchain networks.

Collaborators with JPMorgan’s Onyx Digital Assets included interoperability layer Axelar, infrastructure provider Oasis Pro, Provenance Blockchain, interoperability protocol LayerZero, Avalanche blockchain creator Ava Labs, Web3 developer Biconomy, and asset manager WisdomTree.

Oasis Pro was responsible for enabling the tokenization of assets, such as Apollo funds, on the Provenance Blockchain Zone, the release stated.

“Our goal is to create solutions that bring significant efficiencies and enable better outcomes for Asset & Wealth Managers and investors through personalized, highly scalable portfolios, regardless of asset class or where those assets are managed and recorded,” said Tyrone Lobban, head of Onyx Digital Assets. “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.”

The initiative is a component of Project Guardian, a collaborative venture spearheaded by the Monetary Authority of Singapore (MAS), working in conjunction with traditional financial institutions. Its objective is to explore opportunities and potential risks associated with DeFi.

The initial announcement was unveiled at Singapore’s Fintech Festival, which was held between November 15 to 17.

Onyx leveraged the Axelar network to establish interoperability with Provenance Blockchain Zone, the private blockchain employed for the project. Oasis Pro, a fintech infrastructure provider for real-world assets, played a crucial role in implementing the tokenization of assets on the Provenance Blockchain Zone, the companies said in the release.

“Successfully delivering the solutions for portfolio rebalancing is a critical step in the evolution of traditional asset-management functions,” said Pat LaVecchia, CEO of Oasis Pro. “This next generation of technology will increase speed and efficiency across legacy systems.”

Additionally, Anthony Moro, Provenance Blockchain CEO, noted in the release that JPMorgan’s initiative is believed to be the first “blockchain interoperability solution for institutional financial services.”

This development aligns with the increasing interest shown by several traditional financial institutions in the blockchain industry. Earlier in the year, Charles Schwab, Citadel Securities, and Fidelity Investments announced the launch of their cryptocurrency exchange, EDX Markets.

More Articles

Ethereum News
Ether Outflows from Derivatives Exchanges Hit Highest Level Since August 2023, Signaling Bullish Trend
Ruholamin Haqshanas
Ruholamin Haqshanas
2025-02-07 08:51:10
Press Releases
ETHDenver’s SporkDAO Issues First Patronage Token Distribution 
2025-02-07 08:48:58
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors