Tokenization is yet to make a significant impact on today’s financial plumbing, but a major new effort to put everything from stocks to bonds to crypto assets on a blockchain has big ambitions.
Axelar Inc., Oasis Pro and Provenance Blockchain have collaborated with Onyx by J.P. Morgan and Apollo under the Monetary Authority of Singapore’s Project Guardian, to demonstrate how blockchain technology could be used to manage large-scale client portfolios, execute trades and enable automated portfolio management of tokenized financial assets.