DTCC and Chainlink Launch Pilot Program with US Banking Giants to Advance Tokenization in TradFi

The Depository Trust and Clearing Corporation (DTCC), the largest settlement system in the world, has partnered with blockchain oracle Chainlink to conclude a pilot program involving several major banking firms in the United States. The primary objective of the program was to enhance the tokenization of traditional finance funds. The pilot program, known as the Smart NAV Pilot, focused on establishing a standardized method for providing net asset value (NAV) data of funds on blockchains. The DTCC’s report coincides with the growing enthusiasm among major traditional financial institutions for real-world asset tokenization.

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