The purpose of the project called Smart NAV was to establish a standardized process to bring and disseminate net asset value (NAV) data of funds across virtually any private or public blockchains using Chainlink's interoperability protocol CCIP.
By completing the pilot, DTCC 'found that by delivering structured data on-chain and creating standard roles and processes, foundational data could be embedded into a multitude of on-chain use cases, such as tokenized funds and 'bulk consumer' smart contracts'.
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