Chainlink has collaborated with Fidelity International and Sygnum to introduce Net Asset Value (NAV) data onchain. The initiative aims to make the NAV of Fidelity’s $6.9 billion Institutional Liquidity Fund available onchain in real-time. NAV, a financial metric used to assess a fund's value, will now be accessible instantly, unlike traditional methods that update data after each trading day. This data will benefit Sygnum's clients, who recently tokenized $50 million from Matter Labs' treasuries. Chainlink's co-founder, Sergey Nazarov, believes that tokenized funds offer greater efficiency than traditional methods and predicts they will revolutionize the asset management industry. Additionally, the Depository Trust and Clearing Corporation (DTCC) utilized Chainlink's technology in its Smart NAV industry pilot, exploring new possibilities for transmitting NAV data across different blockchains. This partnership signifies a significant step towards digital asset management in the crypto market. Read more AI-generated news on: https://app.chaingpt.org/news