Project Guardian (JPM Track) product
Overview
Project Guardian is the Monetary Authority of Singapore's industry sandbox initiative, launched in May 2022, to test asset tokenisation and institutional DeFi while managing financial stability risks. The JPMorgan track is its most cited pilot: JPMorgan's Onyx unit (now Kinexys), together with DBS and SBI Digital Asset Holdings, executed live foreign exchange and government bond transactions on Polygon's public mainnet using modified versions of open-source DeFi protocols — a permissioned deployment of Aave Arc for lending and Uniswap for exchange. JPMorgan used Polygon to keep fees low while settling to Ethereum, and adapted Aave's permissioned-pool concept to enforce specific parameters and verified counterparties. The pilot involved tokenised deposits of Singapore dollars issued by JPMorgan and Japanese yen issued by SBI. Project Guardian explores four areas: open interoperable networks and public blockchains, trust anchors for verified counterparties, asset tokenisation, and institutional-grade DeFi protocols adapted to enforce transaction terms. MAS launched Project Guardian in May 2022. JPMorgan Onyx executed the first live DeFi trade on a public blockchain under it, using Polygon with modified Aave Arc and Uniswap, in a pilot led with DBS and SBI Digital Asset Holdings involving tokenised SGD and JPY deposits. JPMorgan's blockchain unit has since been rebranded Kinexys, and JPMorgan later tested tokenised portfolios using Avalanche technology.
Within the DeFi Intel graph, Project Guardian (JPM Track) connects to 10 tracked entities, most strongly to JPMorgan, JPMorgan, Apollo Global Management.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 10 total).
| Relation | Connected entity | Confidence |
|---|---|---|
participates_in | JPMorgan | 95% |
member_of | JPMorgan | 95% |
participates_in | Apollo Global Management | 90% |
participates_in | DBS Bank | 90% |
deployed_on | Kinexys Digital Assets (tokenization) | 90% |
deployed_on | Avalanche | 85% |
participates_in | WisdomTree | 85% |
participates_in | SBI Holdings | 85% |
deployed_on | Provenance | 80% |
participates_in | Moody's Corporation | 80% |
Frequently asked questions
What is Project Guardian (JPM Track)?
Project Guardian (JPM Track) is a mas-pilot tracked in the DeFi Intel knowledge graph. It is connected to 10 other tracked entities, most strongly to JPMorgan, JPMorgan, Apollo Global Management.
What type of entity is Project Guardian (JPM Track)?
Project Guardian (JPM Track) is classified as a mas-pilot (product) in the DeFi Intel knowledge graph.
What is Project Guardian (JPM Track) connected to?
In the DeFi Intel knowledge graph, Project Guardian (JPM Track) is linked to 10 other tracked entities, most strongly to JPMorgan, JPMorgan, Apollo Global Management.
Live news feed, full graph, and search.