Fidelity, Sygnum partner with Chainlink to bring NAV data onchain

The collaboration seeks to bring transparency and accessibility for net asset value data in tokenized assets.

Decentralized computing platform Chainlink today announced a collaboration with Fidelity International and crypto bank Sygnum on a project that focuses on bringing net asset value data onchain.

Chainlink said in the release that its technology facilitates the secure storage and automated synchronization of NAV data for these tokens on the ZKsync blockchain, which is a member of Chainlink’s SCALE program. Chainlink added that its chain-agnostic approach helps to distribute data securely across various blockchain networks or offchain systems.

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