Apollo Global Management Corporation, founded in 2009, is a payment service provider formerly known as Square, co-founded by Twitter founders Jack Dorsey and Jim Markway. In 2010, Square launched its first mobile payment application. It runs on iPhones, iPod Touches, iPads, and Android phones, allowing users to top up their accounts with cards or make bank transfers using their phones. It also boasts extensive digital asset information, enabling international cryptocurrency transactions and exchanges globally. Its services cover the United States, Canada, Australia, Japan, Southeast Asia, and other countries. JPMorgan Chase and Apollo are collaborating on a project aimed at unlocking the future of wealth management through blockchain technology and tokens. Importance: Investors want to be able to view all their positions, all risks, all profits, and all losses simultaneously and in the same place. The two financial giants believe that blockchain can make this goal more feasible and flexible through their collaboration. News Highlights: As part of an initiative by the Monetary Authority of Singapore, the two companies launched a proof of concept at the Singapore Fintech Festival on Tuesday. Tyrone Lobban, Head of Onyx at JPMorgan Chase, stated, "Our collaboration with Apollo is driven by a new and bold vision: to achieve a leap forward in the asset and wealth management industry through a completely new portfolio management model." Digital Asset stated. Future: Their goal is to prove that portfolio managers can manage large, autonomous portfolios comprised of a range of blockchain-based tokenized traditional and alternative investments, while maintaining the exclusivity of each investor's account. They are considering large-scale implementation of Independently Managed Accounts (SMAs) to lower the barrier to entry. Notably, they have also built a portfolio construction and management prototype called Crescendo to bring this concept to life. Development: Current hot topics include the integration of Bitcoin exchange-traded funds (ETFs), as investors prefer to buy Bitcoin through brokerage accounts rather than directly on the blockchain. Now, this investment giant aims to bring true blockchain technology into brokerage accounts. This means that JPMorgan Chase and Apollo are leveraging their respective strengths to build portfolio models and alternative investments. System Upgrade Update: [APOLLO] version 1.9.1 has been upgraded to version 2.1.0. New: Quick and legal exchange of local currencies in Europe, the Americas, Asia, and other countries. New: The Federal Reserve (Fed), as the global monetary interest rate policy institution, will synchronize benchmark interest rate increases and decreases