The Depository Trust and Clearing Corporation (DTCC), recognized as the world’s largest settlement system, has teamed up with blockchain oracle Chainlink (LINK) to conclude a pilot program with several major U.S. banking firms.
The primary goal of this initiative was to advance the tokenization of traditional finance funds.
Following the announcement of DTCC’s successful completion of the tokenization pilot, Chainlink’s token saw a notable surge of up to 20%.
This pilot, which included prominent Wall Street firms such as JP Morgan (NYSE: JPM) and BNY Mellon, leveraged Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to merge traditional finance with blockchain technology.
According to a report from DTCC, the firm recently completed the pilot program, dubbed Smart NAV, in conjunction with Chainlink. The program was designed to explore an extension of a DTCC service, Mutual Fund Profile Service I (MFPS I), the industry standard for transmitting ‘Price and
We współpracy z: https://finbold.com/u-s-banking-giants-experiment-tokenization-with-this-cryptocurrency/
