DTCC, Chainlink complete fund data tokenization pilot with U.S. banks

In collaboration with major U.S. banking firms, the Depository Trust and Clearing Corporation (DTCC) and Chainlink have concluded the Smart NAV Pilot program, aimed at facilitating tokenization in traditional finance. The program utilized Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to standardize net asset value (NAV) data across blockchains. Results show potential for broader applications, including streamlined data management and easier access to historical data.

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