Sygnum Partners with Fidelity International and Chainlink to Transmit NAV Data on Blockchain

Sygnum, in collaboration with Fidelity International and Chainlink, has initiated a partnership to transmit Net Asset Value (NAV) data onto the blockchain. This collaboration marks a significant milestone in tokenized asset applications, providing data transparency and accessibility for the recently launched $6.9 billion Fidelity International Institutional Liquidity Fund's blockchain version. With Chainlink's support, NAV data can be securely, automatically, and accurately synchronized on the blockchain, enhancing transparency for Sygnum, its clients, and other market participants. Additionally, Chainlink employs a blockchain-agnostic approach for distributing NAV data, ensuring secure data transfer across different blockchains or off-chain systems. Sygnum is a global digital asset banking group, established by teams in Switzerland and Singapore, and serves professional and institutional investors, banks, corporations, and distributed ledger technology foundations.