Decentralized computing platform Chainlink today announced a partnership with Fidelity International and crypto bank Sygnum on a project focused on bringing NAV data to the blockchain. The partnership aims to provide transparency and accessibility to NAV data for tokenized assets, specifically Sygnum's recently released on-chain representation, which represents the 50 million USD Matter Labs reserves held in Fidelity's 6.90 billion USD Institutional Liquidity Fund.
Chainlink says its technology facilitates the secure storage and automatic synchronization of NAV data for these tokens on the ZKsync blockchain, which is a member of Chainlink's SCALE initiative.
Fidelity, Sygnum and Chainlink partner to bring NAV data online
2024-07-03 06:05:08
Centralization computing platform chainlink announced today Fidelity International (desk3cryptocurrencydesktopCrypto News
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