Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending
GENIUS Act Spurs Shift to Payment Utility in Stablecoins

GENIUS Act Spurs Shift to Payment Utility in Stablecoins

July 27, 2025

Analyst shares secret to success with XRP

July 27, 2025

URANUS up 175%, NILA spikes double digits, market slows

July 27, 2025

AI sets date when Bitcoin will crash below $100,000

July 27, 2025

Can IOTA and ObjectID Eliminate the $450B Counterfeiting Problem?

July 27, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Ethereum CME Futures Open Interest Hits Record $7.85B

    July 27, 2025

    Remember Akon’s Futuristic Crypto City? Here’s the Brutal Reality After 7 Years

    July 27, 2025

    How Wall Street Killed The Old Cycle–Expert

    July 27, 2025

    Bitcoin Takes a Backseat as Investors Rotate Capital to ETH and Altcoins: CryptoQuant

    July 27, 2025

    Windtree Therapeutics Targets New $520 Million Fund To Boost Holdings

    July 27, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » JPMorgan, Apollo plan for enterprise mainnet, execs reveal
Markets

JPMorgan, Apollo plan for enterprise mainnet, execs reveal

Crypto Observer StaffBy Crypto Observer StaffNovember 29, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Executives of banking giants JPMorgan Chase and Apollo revealed plans for a tokenized ‘enterprise mainnet’ formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project.

On Nov. 15, the MAS introduced five additional industry pilots to Project Guardian to test various use cases around asset tokenization, which saw participation from 17 member financial institutions, including JPMorgan and Apollo. The duo collaborated to test digital assets for more seamless investment and management of discretionary portfolios and alternative assets, automated portfolio rebalancing and customization at scale.

Members of the Project Guardian. Source: mas.gov.sg

In a Forbes interview, Christine Moy, partner at Apollo Global Management, explained how production-grade tokenization helped create intraday repo, JPMorgan’s new tradable product. The lender’s blockchain head, Tyrone Lobban, revealed that the new system has already processed over $900 billion in assets, adding:

“There was actually no intraday repo market before this, and now we’re settling around $2 billion a day of intraday repo trades through our platform.”

According to Moy, the system performs as an enterprise mainnet, and she sees it as having a first-mover advantage in the race for offering tokenized investment instruments. She said:

“Obviously, we’ve seen the progress and innovation of Ether (ETH) and how as the first mover, they had the network effects, and now that’s where all the next-generation innovation has been created.”

The ‘enterprise mainnet’ provides the scalability to add applications to a network with an existing Know Your Customer (KYC)-compliant set of institutional banks, broker-dealers and asset managers.

Related: Singapore central bank to trial live wholesale CBDC for settlements

Through Project Guardian, financial institutions are working out the ideal software stacks that could accommodate agnostic interoperability across different pools of assets.

On Nov. 24, MAS laid down measures for Digital Payment Token (DPT) service providers to discourage speculation in cryptocurrency investments.

Determining customers’ risk awareness, refusing credit card purchases, and providing no incentives are some of the ways MAS asked DPT service providers to help retail clients avoid price speculation.

Magazine: Real AI use cases in crypto, No. 1: The best money for AI is crypto

Read the full article here

Fintech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase’s Bitcoin Cache Hits 2.9M—Here’s Who’s Behind the Stack

July 27, 2025

Nasdaq-Listed Company Announces XRP Reserve – But Doubts Remain

July 27, 2025

China Aims to Bridge AI Gap, Challenges US Lead in Crypto and Beyond

July 27, 2025

Crypto Still Seen as ‘Risky’ Among U.S. Investors Despite Ownership Surging 8x Since 2018: Survey

July 26, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts
GENIUS Act Spurs Shift to Payment Utility in Stablecoins

GENIUS Act Spurs Shift to Payment Utility in Stablecoins

July 27, 2025

Analyst shares secret to success with XRP

July 27, 2025

URANUS up 175%, NILA spikes double digits, market slows

July 27, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Remember Akon’s Futuristic Crypto City? Here’s the Brutal Reality After 7 Years

July 27, 2025

How Wall Street Killed The Old Cycle–Expert

July 27, 2025

Bitcoin Takes a Backseat as Investors Rotate Capital to ETH and Altcoins: CryptoQuant

July 27, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.