DTCC and Chainlink Successfully Pilot Fund Tokenization with Major Financial Institutions
Thursday, 16 May 2024, 18:22
DTCC and Chainlink Collaborate on Fund Tokenization Pilot
In a strategic move, DTCC and Chainlink have successfully completed a pilot program to speed up the process of tokenizing funds. This initiative involved major players in the financial industry, including JPMorgan, Templeton, and BNY Mellon.
Key Objectives of the Smart NAV Pilot
- Testing data dissemination on multiple blockchains
- Ensuring secure and reliable fund tokenization
- Collaboration with leading financial institutions for pilot implementation
The successful completion of the Smart NAV pilot is a crucial step forward in the integration of blockchain technology in fund management and financial services.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.