{"id":87137,"date":"2023-11-16T16:12:03","date_gmt":"2023-11-16T14:12:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87137"},"modified":"2025-09-13T09:52:19","modified_gmt":"2025-09-13T06:52:19","slug":"jpmorgan-tests-tokenized-portfolios-on-avalanche","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-tests-tokenized-portfolios-on-avalanche\/","title":{"rendered":"JPMorgan tests tokenized portfolios on Avalanche"},"content":{"rendered":"

JPMorgan’s subsidiary (Onyx Digital Assets), WisdomTree and Apollo, as well as a number of industry players, including Ava Labs, tested portfolio management for investment portfolios using appchains<\/a> Provenance and Avalanche, The Block reports.<\/p>\n

Among the pilot participants were other distributed ledger technology providers \u2014 Oasis Pro, Provenance, Biconomy, as well as providers of interoperability solutions LayerZero Labs and Axelar.<\/p>\n

The initiative is being implemented as part of Project Guardian<\/a> under the auspices of the Monetary Authority of Singapore.<\/p>\n

The aim is to enable fund managers to tokenize, acquire and rebalance positions in RWA<\/span> across multiple blockchains, standardising the settlement processes for transactions.<\/p>\n

Participants of Project Guardian are exploring the exchange of tokenised assets with using DeFi protocols<\/a> in open and interoperable permissioned networks.<\/p>\n

According to a statement, the JPMorgan-led project is aimed at demonstrating how blockchain technology can work with large-scale client portfolios in fiduciary management \u2014 executing trades, enabling automated management of tokenised financial assets, including such alternatives as direct investments, private credit, real estate and infrastructure.<\/p>\n

Onyx Digital Assets used the Axelar network to enable interaction with the permissioned Provenance Blockchain Zone \u2014 a Provenance appchain compatible with the mainnet.<\/p>\n

\n

Public networks provide fast finality and transparency. These attributes could prove decisive in hybrid systems that integrate RWA, as well as private blockchains and off-chain systems<\/em> \u2014 Sergey Gorbunov, CEO of Axelar.<\/p>\n<\/blockquote>\n

Anthony Moro, head of Provenance Blockchain, called the current project the first-of-its-kind solution for cross-blockchain interoperability in relation to institutional financial services.<\/p>\n

LayerZero also connected to Onyx via the Evergreen subnets of the Avalanche network to enable subscription and redemption of WisdomTree funds.<\/p>\n

Evergreen subnets \u2014 EVM<\/a>\u2013blockchains with a controlled set of validators and a user token to secure transactions.<\/p>\n

Oasis Pro enabled tokenization of assets such as Apollo funds on the Onyx Digital Assets platform.<\/p>\n

Concepts such as Biconomy’s Paymaster service have eliminated frictions in interacting with blockchains, including the need to pay transaction fees on-chain.<\/p>\n

Earlier in October, JPMorgan launched<\/a> Tokenized Collateral Network.<\/p>\n

The blockchain solution has already been used by BlackRock and Barclays in converting shares into digital tokens and subsequent OTC<\/span>-trading of derivatives between the two institutions.<\/p>\n

Earlier, several hedge funds became participants<\/a> of the testnet of the Evergreen subnet of the Avalanche blockchain to assess the benefits of on-chain trades and settlements for currency and interest-rate swaps.<\/p>\n","protected":false},"excerpt":{"rendered":"

JPMorgan’s subsidiary (Onyx Digital Assets), WisdomTree and Apollo, as well as a number of industry players, including Ava Labs, tested portfolio management using Provenance appchains and Avalanche, The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":87138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,1413,1156,229,1349,2356],"class_list":["post-87137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-avalanche-avax","tag-institutional-investors-and-whales","tag-jpmorgan","tag-layerzero","tag-provenance"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87137"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87137\/revisions"}],"predecessor-version":[{"id":87139,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87137\/revisions\/87139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87138"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}