Chainlink announced a collaboration with Fidelity International and crypto bank Sygnum on a project focused on bringing net asset value data on-chain. The partnership aims to provide transparency and accessibility to NAV data for tokenized assets, specifically Sygnum’s recently released on-chain representation of $50 million of Matter Labs inventory reserves held in Fidelity’s $6.9 billion Institutional Liquidity Fund. Chainlink said the technology facilitates secure storage and automatic synchronization of NAV data for these tokens on the ZKsync blockchain. In May of this year, the Depository Trust & Clearing Corporation and Chainlink completed a pilot project called Smart NAV, exploring ways to standardize the distribution of NAV data across multiple blockchains. (The Block)