Chainlink announces collaboration with Fidelity International and Sygnum to introduce NAV data into the supply chain
Decentralized blockchain oracle network Chainlink last week announced a collaboration with Fidelity International and digital asset bank Sygnum to bring net asset value (NAV) data to the chain.
Net asset value is the value of an investment fund's assets minus liabilities. By adding NAV data to the chain, it can be accessed in real time, unlike current methods, which typically update the NAV after each trading day.
Collaboration provides transparency and accessibility around key asset data for Sygnum's on-chain representation of holdings in Fidelity International's $6.9 billion Institutional Liquidity Fund, where it tokenized $50 million of treasury reserves from Matter Labs on the zkSync blockchain.
