On July 3, 2024, Zurich - Chainlink announced today at the Point Zero forum that it has partnered with Fidelity International and Sygnum to transmit Net Asset Value (NAV) data to the chain. As a milestone tokenized asset use case, this collaboration will provide data transparency and accessibility for key asset data in the on-chain version of Fidelity International's Institutional Liquidity Fund, which is worth $6.9 billion and recently issued by Sygnum. Sygnum is a global digital asset bank group that previously tokenized the reserve assets of Matter Labs worth $50 million. These reserve assets are currently held in Fidelity International's money market fund and issued on the ZKsync blockchain. ZKsync is a member of the Chainlink SCALE program.

Asset net asset value (NAV) data is a critical pillar of the traditional fund industry today. With the help of Chainlink, NAV data can be automatically, securely, and accurately transmitted and synchronized on-chain, providing real-time transparency and built-in access to historical data for Sygnum, Sygnum's clients, and other market participants. In addition to this use case, Chainlink also distributes NAV data in a blockchain-agnostic manner, so data can be safely transmitted between any blockchain or off-chain system. To meet the three conditions of tokenized assets, the Chainlink network not only transmits data on-chain but also provides cross-chain interoperability and dynamic synchronization capabilities, enabling programmable assets to stay up-to-date in any environment.

Sygnum tokenization business head Fatmire Bekiri said: "As we continue to bridge the gap between traditional finance and the blockchain industry, setting standards becomes crucial to promoting ecosystem participation and strengthening cooperation between blockchain enterprises, regulated financial institutions, and asset management companies. This is an important milestone, and I am very pleased to see the efforts of Fidelity International, Chainlink, and Matter Labs finally paying off. We will continue to build an on-chain ecosystem in a regulated and compliant manner."

Currently, an increasing number of native blockchain companies hope to obtain asset and net asset value data provided by fund management companies like Fidelity International on-chain. Chainlink can accurately and securely upload and update net asset value data on-chain, and this data can be transmitted between any public and private blockchains through Chainlink.

Chainlink co-founder Sergey Nazarov said, "Tokenized funds are probably the most significant digital asset trend at present, and many global asset management companies are actively joining this emerging field, which largely demonstrates the value of this trend. Tokenized funds break through geographical restrictions and greatly improve efficiency, making them much more advantageous than traditional models. In time, tokenized funds are bound to become the mainstream model of the entire asset management industry."

About Sygnum

Sygnum is a global digital asset banking group, founded by teams from Switzerland and Singapore. Sygnum is entrusted by professional and institutional investors, banks, corporations, and the Distributed Ledger Technology Foundation to invest in digital assets. Our team has institutional-level security and professional personalized services, including regulated digital asset banking, asset management, tokenization, and B2B services.

Sygnum holds a banking license in Switzerland and CMS and Major Payment Institution Licenses in Singapore. In addition, the Group is regulated by the global financial centers of Abu Dhabi and Luxembourg.

We believe that the future does not come from inheritance. Our native encryption team consists of professionals from banking, investment, and digital asset technology fields. They are committed to building a trusted bridge between the traditional economy and the digital asset economy, which we call 'Future Finance.' Please visit the Sygnum official website to learn more about how Sygnum's mission and values will shape the digital asset ecosystem.

About Chainlink

Chainlink is the industry-standard token asset economic infrastructure that has enabled over $12 trillion in transaction volume for the blockchain ecosystem, and transmitted over 12 billion on-chain data points. Mainstream financial market infrastructure such as Swift, Depository Trust & Clearing Corporation (DTCC), and ANZ Bank have partnered with Chainlink, demonstrating how financial institutions can use existing infrastructure and messaging standards to interact with any token asset on any blockchain.

About Fidelity International

With over 2.9 million clients worldwide, Fidelity International provides investment solutions and services, as well as technical expertise for retirement planning. As a privately owned company with a goal-oriented and 50-year heritage, we focus on intergenerational wealth transfer and long-term investment. Fidelity International covers over 25 regional markets, with total assets under management of $816.9 billion. Our clients include central banks, sovereign wealth funds, large corporations, financial institutions, insurance companies, wealth management firms, and individual investors.

Fidelity International's Global Platform Solutions provide world-class investment choices, third-party solutions, management services, and retirement guidance for individuals, financial advisors, and employers. Together with Investment Solutions & Services, Fidelity International represents a total client investment of $583.8 billion. By combining its asset management expertise with solutions for workplace and personal investments, Fidelity International is committed to creating a better financial future. For more details, please visit fidelityinternational.com.

This article is for reference only and contains statements about the future. Although the content of this article is based on rational assumptions, we cannot guarantee that the final results will be consistent with the ideas in the article. There are risks associated with interacting with the blockchain network, including risks caused by user input errors. All content of this article is only valid on the day of initial release. Due to the unpredictable actual user feedback and events that may occur in the future, the content of this article may deviate from the actual situation that may occur later, and we may not make corresponding modifications in this article.