DTCC, Chainlink Complete Pilot to Accelerate Fund Tokenization with JPMorgan, Templeton, BNY Mellon Participating

As a researcher involved in the Smart NAV project, I can explain that our goal was to create a unified methodology for transferring and sharing net asset value (NAV) information from various funds across both private and public blockchains. We utilized Chainlink’s interoperability protocol, CCIP, to achieve this interconnection between market participants. Notable firms participating in the project were American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust, State Street, and U.S. Bank.

As a researcher involved in the DTCC pilot study, I discovered that structuring data for on-chain delivery and establishing standard roles and processes allowed us to incorporate foundational data into various use cases. For instance, this approach proved effective for tokenized funds and smart contracts managing information for multiple consumers.