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Fidelity, Sygnum, and Chainlink Partner to Tokenize NAV Data on Blockchain

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#DeFi
$LINK
$ZK
The Block
372Words
Jul 2, 2024

Fidelity, Sygnum, and Chainlink collaborate to bring NAV data onchain. The partnership focuses on providing transparency and accessibility for net asset value data in tokenized assets, specifically Sygnum’s $50 million onchain representation of Matter Labs’ treasury reserves held in Fidelity's $6.9 billion Institutional Liquidity Fund. Chainlink’s technology will facilitate secure storage and automated synchronization of NAV data on the ZKsync blockchain. The initiative aims to enhance real-time transparency and provide access to historical data for market participants.

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