JPMorgan partners with wealth managers and blockchain operators for proof-of-concept initiative
JPMorgan’s bank’s digital asset division, Onyx, spearheads a collaborative effort focused on blockchain interoperability use cases for portfolio manage ment. The legacy bank is developing a proof-of-concept project under “Project Guardian”, an initiative from the Monetary Authority of Singapore (MAS) built around swap services for tokenized assets on decentralized networks. Project Guardian’s thesis argues for building a one-stop shop for managing digitized real-world assets across multiple blockchains by leveraging solutions like account abstraction and Layer 2 settlement. JPMorgan’s Onyx teamed up with wealth managers like Apollo and WisdomTree for the initiative . Blockchain native entities like Provenance, LayerZero, Axelar, Oasis Pro and Biconomy were announced as part of the joint effort according to Tyler Lobban, Head of Blockchain and Onyx Digital Assets at JPMorgan. *Announcing!*: Onyx by @jpmorgan & @apolloglobal collaborate on next-gen solution in the $5.5T port...