JPMorgan and Apollo Showcase Cross-Chain Tokenization in Singapore Blockchain Project
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JPMorgan and Apollo successfully tokenized funds in a "proof of concept" with blockchain firms Axelar, Oasis, and Provenance.
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The initiative demonstrated how asset managers could tokenize funds on any blockchain.
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Oasis Pro enabled tokenization on the Provenance Blockchain Zone.
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The project is part of Project Guardian led by Singapore's monetary authority.
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It aims to discover opportunities and risks using decentralized finance.