This Proof-of-Concept (PoC), launched by cross-chain infrastructure protocol Axelar in partnership with JPMorgan Onyx, Provenance and Apollo, demonstrates a new solution: investment managers can use the blockchain of their choice Tokenized funds on the Internet purchase and reallocate positions of tokenized assets on multiple interconnected chains to form an investment portfolio.

Axelar, an interoperable cross-chain infrastructure that connects more than 50 blockchains and has become a bridge between the CeFi and DeFi worlds, has partnered with JPMorgan and Apollon’s Onyx to successfully conduct an experiment demonstrating how Smart contracts to manage client portfolios at scale. In the proof of concept, blockchain technology is used to execute transactions and enable automated portfolio management of tokenized financial assets (RWA).

Since the launch of the mainnet in 2022, Axelar (AXL) has formed a secure and programmable network through its cross-chain protocol connecting 53 chains, and has used a hybrid system to integrate off-chain systems with on-chain networks, bridging more than 60 billion in assets.

One of the most innovative parts of the proof-of-concept was that the investment manager changed the investment model by replacing one Apollo Private Equity fund with another, using the rebalancing module to automatically reconfigure a large portfolio following the strategy , including order placement and settlement, taking advantage of the unique composability and automation features of the blockchain while greatly reducing human errors.

This proof-of-concept collaboration is part of the Monetary Authority of Singapore’s “Project Guardian”, which aims to more standardize the transaction settlement process on interoperable blockchains.

Tyrone Lobban, head of Onyx Digital Assets, said: “We believe that using smart contracts, tokenized assets and programmatic linking models can automatically and quickly reconfigure investment portfolios, whether they contain traditional assets, alternative assets, or use Multiple ledgers… There’s a lot of discussion right now about how cross-chain RWA can exacerbate liquidity and experience fragmentation. So we started exploring how to solve this problem using interoperability solutions across EVM and non-EVM chains.”

JPMorgan’s Onyx leverages Axelar cross-chain technology to enable interoperability with private, permissioned blockchains provided by Provenance Blockchain Zone, supporting the tokenization of assets including Apollo funds. Provenance has US$9 billion of RWA asset value locked on the chain.

Sergey Gorbunov, CEO of Axelar Inc., said: “With Axelar, JP Morgan’s Onyx is able to introduce composability and programmability into portfolio management by enabling modular rebalancing automation across large portfolios. A powerful example of blockchain interoperability.”

A report released this week at the Singapore Fintech Festival provides a comprehensive description of POC.

For more information, please visitwww.axelar.networkor joinAxelar Discord。