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Odaily Planet Daily News According to a report released on Thursday, the Depository Trust & Clearing Corporation (DTCC), the world's largest securities settlement system, has completed a pilot project with blockchain oracle Chainlink (LINK) and several major U.S. financial institutions to help accelerate the tokenization of funds. The Smart NAV project aims to establish a standardized process to introduce and disseminate fund net asset value (NAV) data on almost any private or public blockchain using Chainlink's interoperability protocol CCIP. Market participants include American Century Investments, Bank of New York Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan Chase, MFS Investment Management, Mid-Atlantic Trust Company, State Street Bank and U.S. Bank.

Odaily Planet Daily News According to a report released on Thursday, the Depository Trust & Clearing Corporation (DTCC), the world's largest securities settlement system, has completed a pilot project with blockchain oracle Chainlink (LINK) and several major U.S. financial institutions to help accelerate the tokenization of funds. The Smart NAV project aims to establish a standardized process to introduce and disseminate fund net asset value (NAV) data on almost any private or public blockchain using Chainlink's interoperability protocol CCIP. Market participants include American Century Investments, Bank of New York Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan Chase, MFS Investment Management, Mid-Atlantic Trust Company, State Street Bank and U.S. Bank.

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