According to TechFlow, Chainlink announced a partnership with Fidelity International and Sygnum to put the net asset value (NAV) data of Fidelity's $6.9 billion institutional liquidity fund on the blockchain in real time. NAV is a measure of the value of a fund's assets minus its liabilities. Real-time access through on-chain is more efficient than traditional methods, and Sygnum's clients will be able to access this data.
Sygnum recently tokenized $50 million of Matter Labs’ funds as part of its strategy to bring its reserves on-chain.
In May, DTCC’s Smart NAV pilot project also used Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
