LATEST: Fidelity and Sygnum Collaborate with Chainlink to Onchain NAV Data

Fidelity International and Sygnum have joined forces with Chainlink to bring Net Asset Value (NAV) data onto the blockchain, a strategic move unveiled at the Point Zero Forum. This collaboration is set to boost the transparency and real-time accessibility of tokenized asset data, showcasing a significant shift towards integrating blockchain with traditional fund management.

The partnership specifically targets the tokenization of Fidelity International’s $6.9 billion Institutional Liquidity Fund, which is now represented onchain by Sygnum. This initiative not only advances transparency but also demonstrates the potential of blockchain technology to transform financial systems. Chainlink plays a crucial role, ensuring seamless and secure data integration across various blockchains.

This development marks a pivotal moment for digital assets, indicating a broader acceptance and integration of blockchain solutions in traditional finance. The move by Fidelity, Sygnum, and Chainlink highlights the growing trend of fund tokenization and its expected dominance in the asset management sector.


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