JPMorgan Collaborates on Blockchain Interoperability for Portfolio Management
If you’re into crypto, JPMorgan is making some moves you should know about. The bank’s digital asset division, Onyx, is leading a collaborative effort focused on blockchain interoperability for portfolio management. This initiative, called “Project Guardian,” is a proof-of-concept project developed under the Monetary Authority of Singapore (MAS). It’s aimed at building a one-stop shop for managing digitized real-world assets across multiple blockchains. To achieve this, JPMorgan’s Onyx has partnered with wealth managers like Apollo and WisdomTree, as well as blockchain native entities like Provenance, LayerZero, Axelar, Oasis Pro, and Biconomy.
Hot Take: JPMorgan Pushes Further into Digital Assets
JPMorgan’s recent efforts in the digital asset space signal a significant shift in the traditional finance industry towards embracing blockchain technology. By collaborating on blockchain interoperability for portfolio management, the bank aims to streamline asset and wealth management processes while tapping into the potential of blockchain solutions.
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