Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products. ---
JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian ***
Staff Member
Monday 13th of May 2024 02:30:00 PM 3 min readWall Street giants are looking at how to industrialize proofs-of-concept developed within the blockchain experiment Project Guardian.
According to Stephanie Lok, product manager of JPMorgan’s blockchain platform Onyx, one of the company’s “very big focus area” is turning the learnings of the pilot program with the Monetary Authority of Singapore (MAS) into products. Lok shared these details during the TokenizeThis event in Miami on May 10:
“We want to see how we can take it forward. Investment fund tokenization is where we’re really focusing a lot of our time. [...] That’s a very big focus area: how can we kind of productionize, industrialize what we built out as a proof-of-concept?”
Another traditional firm “really focusing on the blockchain-enabled finance migration” is the asset manager WisdomTree. Speaking at the event, Maredith Hannon, head of business development for WisdomTree, said the company is targeting portfolio personalization in addition to blending portfolios with checking accounts.
“Think about if you could do 10,001 different variations of different types of allocations, different types of risk profiles,” said Hannon about the potential benefits of real-world asset tokenization for investors’ portfolios.
Comments
Trade cryptocurrency with ease and enjoy low trading fees!
Quickly and easily trade cryptocurrency at Wollito.com
Find your answers instantly in our Support Center
Taking good care of our customers is our top priority. Wollito Customer Support is here to pro...
Wollito NFT - Coming Soon
List your NFT for FREE with Wollito NFT's.