Onyx, JPMorgan's Programme Aims To Industralize Blockchain PoCs

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JP Morgan, one of the biggest Wall Street financial firms, has began to adjust its concentration recently. By utilizing their blockchain test referred to as Project Guardian, JP Morgan aims to make use of proofs-of-concepts (PoCs), and industrialize it.

Onyx, which is JPMorgan block chain programme, is focused on making use of the data it gathered from its platform, and convert them into substantial products; with the assistance of the Monetary Authority of Singapore (MAS).

On the 10th of May 2024, the product manager of Onyx, Stephanie Lok, mentioned that the JPMorgan firm has redirected its concentration to investing in fund tokenization. She emphasized that, they want to utilize proof of concepts that they've developed.

WisdomTree, which is another one of the biggest financial companies are enormously invested into blockchain related finance. And WisdomTree has emphasized the advantages and profits in asset tokenization to the portfolios of various investors.