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Crypto Token Development, White Paper, Blockhain img News img Tech img

Chainlink enters into partnership with Fidelity International

Jul 05, 2024
Tech
The blockchain oracle project Chainlink has announced a partnership with Fidelity International and Sygnum to bring net asset value (NAV) data onto the blockchain.
image

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.

 

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