Fidelity, Sygnum Partner with Chainlink to Bring $6.9 Billion NAV Data Onchain

Jul 3, 2024, 10:56 AM

Fidelity International and Sygnum have partnered with Chainlink to bring net asset value (NAV) data onchain for Fidelity International’s $6.9 billion Institutional Liquidity Fund. This collaboration aims to enhance transparency and accessibility for tokenized assets. This marks a significant production use case for tokenized assets, with $50 million of the fund already tokenized on zkSync. The initiative is expected to bridge traditional finance and on-chain finance, potentially transforming the financial landscape. The fund is part of Fidelity International’s money market fund.