In a significant move towards fostering innovation in the asset management sector, the Economic Secretary to the Treasury’s Asset Management Taskforce, following its re-establishment in April 2023, has unveiled a Technology Working Group. Chaired by Michelle Scrimgeour, CEO of Legal and General Investment Management (LGIM), the group comprises industry experts collaborating closely with the Financial […]
Ultra-efficient portfolios of traditional and alternative investments powered by tokenization Onyx by J.P. Morgan and Apollo Global Management have unveiled a proof-of-concept (PoC) under the Monetary Authority of Singapore‘s Project Guardian. This initiative, detailed in J.P. Morgan’s “Future of Wealth Management” report, sets out to transform the asset and wealth management industry by introducing ultra-efficient […]
Mantle, a leading DAO-led web3 ecosystem centered around Ethereum layer 2 (L2) Mantle Network, and Ondo Finance, a pioneer in institutional-grade blockchain-enabled investment products, have unveiled the USD Yield ($USDY) token within the Mantle Ecosystem. This milestone follows the introduction of the Ethereum L1 to Mantle Network L2 bridge for $USDY, marking a significant stride […]
