TechFlow reports on July 3 that global digital asset banking group Sygnum has partnered with Fidelity International and Chainlink to bring net asset value (NAV) data on-chain. As a landmark use case for tokenized assets, this collaboration will enhance data transparency and accessibility for key asset information in the on-chain version of Sygnum’s recently launched $6.9 billion Fidelity International Institutional Liquidity Fund.
With Chainlink’s support, NAV data can now be automatically, securely, and accurately transmitted and synchronized on-chain, offering Sygnum, its clients, and other market participants real-time transparency along with built-in access to historical data. In addition, Chainlink employs a blockchain-agnostic approach to NAV data distribution, enabling secure transmission of data across any blockchain or off-chain systems.
Sygnum is a global digital asset banking group founded by teams in Switzerland and Singapore. It is fully entrusted by professional and institutional investors, banks, corporations, and distributed ledger technology foundations to invest in digital assets.
