JPMorgan, Apollo Global and Singapore Partner on Project to Tokenize Assets for Improved Investment Access
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JPMorgan, Apollo Global Management, and the Monetary Authority of Singapore are collaborating on Project Guardian to build an "enterprise mainnet" for tokenizing assets.
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The project aims to improve efficiencies and access for institutional and individual investors by tokenizing assets across public and private markets.
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Early proof points include JPMorgan's existing digital collateral and intraday repo products that achieve major cost savings and collateral fluidity.
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For individual investors specifically, the project focuses on automating discretionary portfolio management at scale while expanding access to alternative assets.
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Next steps are to build on the technological proofs achieved in 2022 and continue advancing the project vision through collaborations with industry partners through 2024.