JPM - JPMorgan Apollo Global Grab First Mover Advantage With Upcoming Tokenized Enterprise Mainnet | Benzinga
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 ...