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JPMorgan, Apollo Global Grab First Mover Advantage With Upcoming Tokenized Enterprise Mainnet

Benzinga ·  11/29/2023 00:31

JPMorgan Chase (NYSE:JPM) and Apollo Global Management (NYSE:APO) will be partnering to create a tokenized enterprise mainnet. This collaboration emerged during their joint work on the Monetary Authority of Singapore's (MAS) Project Guardian pilot project. What Happened: The enterprise mainnet will provide the expertise to add applications to a network with an existing Know Your Customer (KYC)-compliant set of institutional banks, broker-dealers, and asset managers. Apollo Global partner Christine Moy in an interview with Forbes said, "Being able to start with tokenized Treasuries and tokenized U.S. dollars, but then jumping to tokenized money market

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