Abaks 🚀🔺

Onyx by J.P. Morgan announced in November it was leveraging Avalanche to explore a new paradigm for portfolio management. It’s time to take a look at the results! For a refresher, @jpmorgan and @apolloglobal collaborated under Project Guardian, connecting the Onyx platform with a permissioned Avalanche Evergreen Subnet via @LayerZero_Labs, to facilitate subscriptions and redemptions for funds offered by @WisdomTreePrime. The newly released case study shows interesting results how tokenization could potentially help automate portfolio management and offer benefits including: ⌚ Reducing 3000+ operational steps to one automated process for large wealth managers 📉 Limiting cash drag, resulting in a savings of ~24bps per annum for clients ⚖️ Reducing portfolio level fees by ~20% through faster, programmatic settlement ⛰️ Enabling a $400Bn annual revenue opportunity for the broader AWM industry through the tokenization of alternative assets This initiative is a pivotal step toward revolutionizing the asset and wealth management industry.

@thearena OG @Bayo0x $ABAKS Very low mcap compared to other OG projects are in the @thearena @AbaksCoin Liquidity burned 🔥 Contract renounced ⚔️ $ABAKS #AVAX #COQ #KIMBO #nochill