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📈 The pilot involving The Depository Trust & Clearing Corporation (DTCC), Chainlink Labs, and ten major financial institutions, including J.P. Morgan and Franklin Templeton, has shown that these industry leaders are moving towards #Tokenization, #DeFi, and #WEB3. This collaboration aimed to bring price and rate data, specifically NAV data, to blockchains, showcasing a significant trend towards fund tokenization. 💡 By integrating critical fund administration data on-chain, these institutions are paving the way for a more efficient and transparent financial system. This incremental approach is setting the stage for large-scale fund tokenization, ultimately providing more information to investors and reducing operational costs.

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