The Depository Trust and Clearing Corporation (DTCC), in collaboration with blockchain oracle Chainlink, has completed a pilot program with major U.S. banking institutions. The initiative, known as the Smart NAV Pilot program, aimed to enhance traditional finance fund tokenization.
Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the pilot program focused on standardizing the delivery of net asset value (NAV) data of funds across blockchains. This structured data delivery method lays the groundwork for various on-chain applications, including tokenized funds and 'bulk consumer' smart contracts.
Key NAV pilot takeaways. Source: DTCC
Several prominent U.S. banking firms participated in the pilot, including American Century Investments, BNY Mellon, JPMorgan, State Street, and others.
Following the DTCC's report, Chainlink's native token LINK surged by 12.5%, reaching $15.80 according to CoinGecko. LINK has witnessed significant growth of over 130% in the past 12 months amid a broader uptick in the cryptocurrency market.
The price of LINK spiked 12.5% following the DTCC report. Source: CoinGecko
The DTCC report coincides with growing enthusiasm for real-world asset tokenization among major traditional financial institutions. BlackRock's recent launch of a tokenized money market fund (MMF) on the Ethereum network reflects this trend, further highlighting the shift towards digitized financial instruments.
The successful completion of the Smart NAV Pilot program signifies a significant step towards standardizing fund tokenization in traditional finance. With blockchain technology and interoperability protocols like Chainlink's CCIP, the financial industry is embracing innovative solutions for data management and asset tokenization.
Paus Chainlink secara strategis mengakumulasi token sebelum lonjakan harga yang mencolok, dengan transaksi paus mencapai puncaknya menjelang akhir Oktober. Meskipun terjadi koreksi pada harga LINK, aset ini mempertahankan sikap bullish, didukung oleh indikator teknis utama. Namun, penurunan yang sedang berlangsung menunjukkan potensi tantangan terhadap tren naik yang berlaku.
Huang BoMata uang kripto utama mengalami lonjakan yang signifikan pada hari Minggu malam, sebagian besar disebabkan oleh performa Bitcoin sepanjang minggu, menembus angka $31.000 pada hari Senin. Dalam satu hari, harga Bitcoin terus meroket, mencapai $35.000.
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WeiliangBinance is once again making progress by introducing special listings for cryptocurrencies like Dogecoin, Cardano, and Chainlink.
Zoey
JinseFinancePerusahaan di belakang LINK berharap untuk menutup celah antara bank tradisional menggunakan sistem oracle mereka dan blockchain lainnya.
cryptopotatoPemegang LINK token aslinya sekarang dapat berkontribusi pada keamanan jaringan dan menerima hadiah dengan melakukannya.
OthersDunia keuangan terdesentralisasi sedang mencoba menciptakan dunia transparansi keuangan dan kemudahan yang dilakukan oleh pembiayaan tradisional ...
BitcoinistCryptocurrency telah mengubah keuangan sejak 2009 karena transaksi mereka yang cepat, aman, dan tanpa izin. Artikel ini menguraikan bagaimana Carlossy Caterpillar ...
BitcoinistDengan menggunakan generator nomor acak yang terbukti adil dan dapat diverifikasi yang disediakan oleh Chainlink VRF, kontrak pintar dapat mengakses nilai acak tanpa mengorbankan keamanan atau kegunaan.
CointelegraphAP menambahkan bahwa itu akan mengubah pendekatannya berdasarkan respons pengembang, karena "tetap memperhatikan denyut nadi ekonomi blockchain."
Cointelegraph