Fidelity, Sygnum and Chainlink Partner to Bring NAV Data to Chain

BlockBeats news, July 3, according to The Block, Chainlink announced a partnership with Fidelity International and crypto bank Sygnum to carry out a project focused on bringing net asset value data to the chain.

According to a statement on Wednesday, the partnership aims to provide transparency and accessibility to net asset value (NAV) data in tokenized assets, which will make the net asset value data of Fidelity's $6.9 billion institutional liquidity fund accessible in real time on the chain. Chainlink said its technology helps to securely store and automatically synchronize the NAV data of these tokens on the ZKsync blockchain, which is a member of the Chainlink SCALE program.