DTCC completes blockchain pilot project with Chainlink and major U.S. financial institutions

According to CoinDesk, The Depository Trust and Clearing Corporation (DTCC), the world’s leading securities settlement system, has successfully completed a pilot project with blockchain oracle Chainlink and several major U.S. financial institutions.

The objective of Smart NAV was to create a standardized procedure for generating and distributing net asset value (NAV) data of funds across virtually any private or public blockchains using Chainlink’s interoperability protocol CCIP.

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