Chainlink enters into partnership with Fidelity International

Jul 05, 2024
The blockchain oracle project Chainlink has announced a partnership with Fidelity International and Sygnum to bring net asset value (NAV) data onto the blockchain.
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According to the team, in this use case for tokenized assets, the collaboration ensures transparency and accessibility of key asset data for the newly issued on-chain representation of the Fidelity International Liquidity Fund by Sygnum, valued at $6.9B. Sygnum, a global digital asset banking group, tokenized $50M from the treasury reserves of Matter Labs.

Chainlink provides an on-chain approach to NAV data dissemination, enabling the data to be securely distributed across any blockchain or existing off-chain system.