Executives from JPMorgan Chase and Apollo have announced plans for a tokenized ‘enterprise mainnet’ as part of the Monetary Authority of Singapore’s Project Guardian pilot project. This collaboration aims to test the use of digital assets for investment and management of portfolios, automated portfolio rebalancing, and customization at scale. The new system has already processed over $900 billion in assets and is settling around $2 billion a day of intraday repo trades. The ‘enterprise mainnet’ offers scalability and the ability to add applications to a network with existing institutional banks, broker-dealers, and asset managers. Through Project Guardian, financial institutions are exploring software stacks that can accommodate interoperability across different pools of assets. The Monetary Authority of Singapore has also introduced measures to discourage speculation in cryptocurrency investments, including determining customers’ risk awareness and refusing credit card purchases.

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Information	Details
Geography	Asia
Countries	🇸🇬
Sentiment	neutral
Relevance Score	1
People	Christine Moy, Tyrone Lobban
Companies	Forbes, Monetary Authority of Singapore (MAS), JPMorgan Chase, Apollo
Currencies	Ethereum, Lido Staked Ether
Securities	None