Axelar has partnered with Morgan Stanley Onyx and Apollo to complete the next-generation proof of concept, demonstrating innovative applications of blockchain technology in $5.5 billion investment management.

On November 15th, according to BlockBeats news, Axelar (AXL), a cross-chain infrastructure protocol, recently conducted a proof of concept (POC) project with Onyx, a digital asset platform under JPMorgan Chase, and alternative asset management company Apollo, demonstrating how smart contracts can be used to manage large-scale customer investment portfolios. In this proof of concept, blockchain technology was used to execute transactions and automate investment portfolio management of tokenized financial assets (real-world assets, RWA). Axelar (AXL)'s cross-chain infrastructure protocol connects value and communication to over 50 different blockchains through a secure, programmable network, and has now integrated off-chain systems with on-chain networks through its hybrid system. Onyx, under JPMorgan Chase, utilizes Axelar (AXL)'s cross-chain technology to achieve interoperability with the Provenance blockchain, which currently locks in $9 billion worth of real-world financial asset value on-chain. Sergey Gorbunov, CEO of Axelar (AXL), stated that with Axelar, Onyx can introduce composability and programmability into portfolio management, and the automation of modularization to manage large amounts of portfolios demonstrates the powerful potential of blockchain interoperability. Since the launch of its mainnet in 2022, Axelar has transferred over $6 billion in value through its cross-chain protocol and network of 53 chains.