In a concerning development for the blockchain industry, Chainlink, Fidelity International, and Sygnum have announced a partnership to bring Net Asset Value (NAV) data onchain. This move, while hailed as a revolution in asset tokenization and financial data transparency, raises serious questions about the future of market regulation.

Chainlink's involvement in this initiative is particularly troubling. As a leading provider of decentralized oracle networks, the company's decision to support this project could potentially undermine the stability of the blockchain ecosystem. The introduction of NAV data onchain could lead to increased market manipulation and volatility, given the lack of oversight and regulation in the blockchain industry.

Furthermore, the participation of Fidelity International and Sygnum, two major players in the financial services sector, adds to the gravity of the situation. Their endorsement of this initiative could encourage other financial institutions to follow suit, further exacerbating the risks associated with unregulated blockchain activities.

In conclusion, while this development may seem like a step forward for the blockchain industry, it is essential to consider the potential negative implications. Without proper regulatory measures in place, the introduction of NAV data onchain could lead to a more volatile and unpredictable market.