🔥Hot News🔥Odaily Planet Daily reported that 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 US financial giants, with the goal of accelerating the process of tokenization of funds. 🚀
The project, called Smart NAV, aims to establish a standardized process to introduce and disseminate fund net asset value (NAV) data on almost all private or public blockchains using Chainlink's interoperability protocol CCIP. 📊
Market participants participating in this project include American Century Investments, Bank of New York Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan Chase, MFS Investment Management, Mid-Atlantic Trust, State Street Bank and U.S. Bank. 🏦
This is a deep cooperation between blockchain technology and traditional financial institutions, which is of great significance to promoting the process of tokenization of funds. We remain optimistic about Bitcoin. 👍Let us look forward to more new developments in the blockchain industry! 🎉