Why did LINK surge?

"Chainlink, the leading oracle, has worked with the Depository Trust & Clearing Corporation (DTCC) and 10 financial institutions including JPMorgan Chase to complete a pilot project called Smart NAV, which aims to promote the tokenization of traditional financial funds.

This pilot demonstrates the potential of bringing NAV data (i.e. the "price" and "interest rate" data of mutual funds) to the chain, and ensures the cross-chain transmission of NAV data through Chainlink's CCIP, which will help promote fund tokenization and a wider range of financial services."

This cooperation mainly realizes the digitization of assets, which is a historic process for oracles.

It is also an important step for traditional financial institutions to transition to blockchain.

#心誠