$LINK , Fidelity & Sygnum Team Up to Bring TradFi to DeFi! 📣🎉
Here's the scoop: #LINK just joined forces with Fidelity International (a giant investment firm) 🤴and Sygnum (a crypto bank) to bring TradFi data onto the blockchain (DeFi)! 🎉💥
Why is this exciting? 💻👀👇
Imagine having clear and easy access to important data about funds directly on the blockchain. This is what this collaboration is all about – bringing transparency and accessibility to the world of DeFi. 👍💪
Here's how it works: 🤔
🔘 Fidelity's $6.9 billion Institutional Liquidity Fund has a digital twin on the blockchain thanks to Sygnum.
🔘 #Chainlink steps in to securely deliver data about this fund (like its NAV) directly onto the blockchain.
🔘 This means everyone involved (Sygnum, its clients, and even regular DeFi users) can see this data clearly and in real-time. 😎🥳
This is a big deal because: 🤭
🔥 It paves the way for more traditional financial institutions to enter the DeFi space.
🔥 It makes DeFi data more transparent and trustworthy.
🔥 This could be a major step towards wider adoption of blockchain technology in finance.
What do you think? 🤷 Is this a sign of even greater things to come for DeFi? Let us know your thoughts in the comments! DYOR! #Fidelity #DeFi