DTCC, Chainlink and several major US financial institutions completed the fund tokenization pilot and accelerated it.

On May 17, the world's largest securities settlement system DTCC cooperated with blockchain oracle Chainlink and several US financial institutions to complete a pilot project aimed at accelerating fund tokenization. The project, called Smart NAV, aims to establish a standardized process to use Chainlink's protocol to disseminate fund net asset value data on private or public blockchains. Institutions participating in the market include American Century Investments, Bank of New York Mellon, Edward Jones, Franklin Templeton, etc.