**Reimagining the Article:**
**Zurich, July 3, 2024** — Today at the Point Zero forum, Chainlink announced a strategic collaboration with Fidelity International and Sygnum to integrate Net Asset Value (NAV) data onto blockchain. This partnership marks a significant milestone in tokenized asset use cases, ensuring transparency and accessibility for key asset data in Sygnum’s recently launched online version of Fidelity International’s Institutional Liquidity Fund, valued at $6.9 billion. Sygnum, a global digital asset bank, had previously tokenized assets worth $50 million from Matter Labs, currently held in Fidelity International’s money market fund and issued on the ZKsync blockchain, a member of Chainlink’s SCALE program.
Asset NAV data stands as a cornerstone in today’s traditional fund industry. With Chainlink’s support, this data can now be automatically, securely, and accurately transmitted and synchronized on-chain, providing real-time transparency and historical data access for Sygnum, its clients, and other market participants. Beyond this use case, Chainlink employs blockchain-agnostic asset NAV data distribution, ensuring secure transmission across any blockchain or off-chain system. To meet the three conditions of tokenized assets, the Chainlink network not only transfers data on-chain but also offers cross-chain interoperability and dynamic synchronization, keeping programmable assets updated across environments.
Fatmire Bekiri, Head of Tokenization at Sygnum, stated, “As we bridge the gap between traditional finance and blockchain industries, establishing standards becomes crucial to enhancing ecosystem participation and fostering collaboration among blockchain enterprises, regulated financial institutions, and asset management firms. This milestone reflects the fruitful efforts of Fidelity International, Chainlink, and Matter Labs. We remain committed to building a regulated and compliant on-chain ecosystem.”
Currently, more native blockchain enterprises seek access to asset and NAV data provided by fund management firms like Fidelity International. Chainlink accurately and securely uploads and updates NAV data on-chain, facilitating its transmission between any public and private blockchains.
Sergey Nazarov, Co-Founder of Chainlink, commented, “Tokenized funds are arguably the predominant digital asset trend today, with numerous global asset management companies eagerly joining this emerging field, highlighting its value. Tokenized funds transcend geographical limitations and significantly enhance efficiency, positioning them as a superior alternative to traditional models. In time, tokenized funds are poised to become the mainstream model for the entire asset management industry.”
**About Sygnum:**
Sygnum is a global digital asset bank founded by teams in Switzerland and Singapore, catering to professional and institutional investors, banks, corporations, and foundations investing in digital assets. With institutional-grade security and personalized service, Sygnum offers 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, with additional oversight from global financial centers in Abu Dhabi and Luxembourg.
**About Chainlink:**
Chainlink serves as the industry-standard oracle network for tokenized asset economies, facilitating over $12 trillion in blockchain transactions and transmitting more than 12 billion on-chain data points. Collaborations with mainstream financial market infrastructures such as Swift, DTCC, and ANZ demonstrate how financial institutions integrate existing infrastructure and messaging standards with tokenized assets on any blockchain.
**About Fidelity International:**
Fidelity International provides investment solutions and services to over 2.9 million clients worldwide, leveraging five decades of expertise in wealth intergenerational transfer and long-term investments. Operating across more than 25 global markets, Fidelity manages assets totaling $816.9 billion, serving central banks, sovereign wealth funds, large corporations, financial institutions, insurance companies, wealth managers, and individual investors. Fidelity International’s Global Platform Solutions offer world-class investment choices, third-party solutions, management services, and retirement guidance.
This article serves as a reference and contains forward-looking statements about the future. While based on rational assumptions, we cannot guarantee that actual outcomes will align with the concepts presented herein. Interacting with blockchain networks carries risks, including those resulting from user input errors. All information in this article is valid only as of its initial publication date, and subsequent developments and events may cause discrepancies between the content and actual circumstances, with no obligation on our part to update the article accordingly.
