Apollo partners with JPMorgan's digital asset platform Onyx to simplify alternative asset investments using tokenization and smart contracts

ChainCatcher news, Christine Moy, a partner at alternative asset management firm Apollo, stated on social media that Apollo has partnered with JPMorgan's digital asset platform Onyx to simplify alternative asset investments using tokenization and smart contracts.

Christine Moy mentioned that through this collaboration, over 3,000 operational steps for wealth management institutions can be reduced to one automated process, faster programmatic settlements can lower portfolio costs by approximately 20%, and it can bring a $400 billion annual revenue opportunity to the AWM industry.