JP Morgan and Apollo unveil tokenisation project to expand access to private assets

Proof of concept solution

JP Morgan and Apollo Global Management have unveiled a project under the Monetary Authority of Singapore’s Project Guardian to explore how tokenisation can help make private assets more accessible to the $5.5trn wealth market.

The firms aim to demonstrate through an early-stage proof of concept how wealth advisors could seamlessly and automatically manage discretionary portfolios at scale, and include private assets in these portfolios, by using smart contracts and fund tokenisation.  Alternative investment funds, such as private equity, real estate, private credit and infrastructure, are not commonly included in discretionary portfolios due to operational processing requirements and liquidity constraints.  Deep Dive: Tokenisation represents 'paradigm shift' for asset management However, the asset manage...