đ±đđDTCC Collaboration and Tokenization Trial Raises Chainlink (LINK) Price
#Chainlink , which conducted a successful trial with the global messaging system SWIFT months ago, continues its work on tokenization. This time, the US-based Fund Custody and Clearing Organization (DTCC) has successfully completed a new tokenization test of Chainlink with several major institutions using the Cross-Chain Interoperability Protocol (CCIP).
#DTCC , which operates as a central clearing and custody organization for financial markets around the world and also performs clearing transactions for Nasdaq, has successfully completed an important tokenization test.
Financial services are becoming tokenized
In these trials, also called the âsmart NAV test", very important steps have also been taken in the digital transformation of financial services on different blockchains. Chainlink's Cross-Chain Interoperability Protocol (CCIP) was also used during the trials. During the tests, the automatic dissemination and distribution of real-time data on different blockchains was performed successfully, while access to historical data was also provided. DTCC company took part here in the role of both providing data and security and providing solutions.
As a result, in fact, Chainlink and DTCC have established a tokenization partnership. DTCC and Chainlink, considered the world's largest clearing and payments system provider, will now work with major US banks for the tokenization of traditional assets. Numerous features such as brokerage services, automatic data distribution and better access to historical data for funds are also included in this collaboration.
The rise has come in Chainlink
DTCC's statement on the subject brought an increase in LINK, which is Chainlink's own token. LINK has seen an increase of more than 20% in the last 24 hours and has also risen above $16.
BlackRock company also introduced BUIDL, a money market fund on the Ethereum network, in March and demonstrated the importance it attaches to tokenization.
