Chainlink announced today that it is working with Fidelity International and crypto bank Sygnum on a project focused on bringing net asset value data on-chain.
The partnership, which aims to provide transparency and accessibility to net asset value (NAV) data in tokenized assets, will make NAV data for Fidelity’s $6.9 billion institutional liquidity fund accessible on-chain in real time, according to a statement on Wednesday.
Chainlink said in a press release that its technology helps securely store and automatically synchronize NAV data for these tokens on the ZKsync blockchain, a member of the Chainlink SCALE initiative. (The Block)