Chainlink (LINK) is experiencing a surge in value following the successful completion of a fund tokenization pilot with the Depository Trust and Clearing Corporation (DTCC). In a recent press release, the DTCC announced the launch of Smart NAV, a pilot program that combines the firm’s digital asset capabilities with Chainlink’s data feeding and interoperability services. Smart NAV aims to provide trusted and verifiable data on various blockchain networks to support business workflows. The DTCC acted as the data provider and governor of the on-chain solution, while Chainlink’s CCIP served as the interoperability layer. This partnership has boosted the value of LINK, with a 16.4% increase in trading price. Chainlink’s CCIP enables secure and efficient token transfers across blockchains and offers support for token minting and burning. The DTCC, founded in 1999, is a post-trade financial services firm that provides settlement services for markets. Please note that this article does not provide investment advice, and readers should conduct their own research before engaging in high-risk investments.
