Value

Read

Chainlink

Partner

<ul>
 <li>Fidelity and Sygnum collaborate with Chainlink to integrate real-time Net Asset Value (NAV) data onto blockchain platforms.</li>
 <li>This initiative targets Fidelity’s $6.9 billion Institutional Liquidity Fund, enhancing transparency and operational efficiency.</li>
 <li>Sygnum will extend NAV data accessibility to its clients, leveraging blockchain’s security and decentralized capabilities for immediate financial insights.</li>
</ul>
<p>A significant step forward in financial transparency and operational efficiency has been made with the announcement by Fidelity International and Sygnum of a cooperation with Chainlink to integrate Net Asset Value (NAV) data onto blockchain systems.&nbsp;</p>
<p>This collaboration aims to enable real-time NAV updates for Fidelity’s $6.9 billion Institutional Liquidity Fund. NAV is an important ratio that gets the value of a fund by subtracting liabilities from assets and dividing the amount by the total number of shares that are outstanding.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">We’re excited to announce that Fidelity International and Sygnum have partnered with <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> to provide NAV data onchain for Fidelity International’s $6.9B money market fund.<br><br>This is a landmark production use case for tokenized assets <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/dfQ3Shgx6f" rel="noopener noreferrer nofollow">https://t.co/dfQ3Shgx6f</a> <a href="https://t.co/o0sT4JOQNj" rel="noopener noreferrer nofollow">pic.twitter.com/o0sT4JOQNj</a></p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1808382101999264050?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Historically, daily NAV updates have limited institutional investors’ access to instantaneous financial data. Fidelity and Sygnum plan to purchase Chainlink’s safe and oracles to enable access to NAV data on blockchain networks.&nbsp;</p>
<p>This advancement in technology holds the potential to optimize investment decision-making procedures by providing investors with up-to-date financial data.</p>
<p>Sygnum, renowned for its approach to digital assets and blockchain technology, will extend these capabilities to its clients enhancing transparency and reducing dependency on manual reporting procedures. The integration not only supports data integrity but also eliminates errors associated with traditional financial reporting methods.<br></p>
<p><strong>Blockchain Revolutionizes Fund Management</strong><br></p>
<p>The banking industry is encouraging blockchain technology to help data integrity and streamline operations, as shown by this partnership. It is a major step toward being free to access financial information by providing investors with the tools they need to make informed decisions in today’s markets.</p>
<p>Sygnum, and Chainlink’s integration of NAV data onchain emphasizes this transformative potential, setting for future innovations at the intersection of finance and technology. With blockchain technology, financial transparency and efficiency have advanced to a new level thanks to the collaboration of Fidelity, Sygnum, and Chainlink.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/chainlink-link-completes-bullish-smart-nav-test-with-dtcc-and-10-us-banking-giants-to-accelerate-fund-tokenization/" rel="noopener noreferrer nofollow">Chainlink (LINK) Completes Bullish Smart NAV Test with DTCC and 10 US Banking Giants to Accelerate Fund Tokenization</a></li>
 <li><a href="https://cryptonewsland.com/deaton-addresses-xrp-and-crypto-community-what-do-you-see/" rel="noopener noreferrer nofollow">Deaton Addresses XRP and Crypto Community, What Do You See?</a></li>
 <li><a href="https://cryptonewsland.com/sbfs-emergent-fidelity-firm-files-for-bankruptcy-creditor-eyes-600m/" rel="noopener noreferrer nofollow">SBF’s Emergent Fidelity Firm Files for Bankruptcy, Creditor Eyes $600M</a></li>
 <li><a href="https://cryptonewsland.com/fidelity-positions-for-crypto-dominance-with-upcoming-bitcoin-etf-application/" rel="noopener noreferrer nofollow">Fidelity Positions for Crypto-Dominance with Upcoming Bitcoin ETF Application</a></li>
 <li><a href="https://cryptonewsland.com/fidelity-offloads-1215-bitcoins-valued-at-80-1-million-what-could-be-the-reason/" rel="noopener noreferrer nofollow">Fidelity Offloads 1215 Bitcoins Valued at $80.1 Million: What Could Be the Reason?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/fidelity-and-sygnum-partner-with-chainlink-for-real-time-nav-data-integration/" rel="noopener noreferrer nofollow">Fidelity and Sygnum Partner with Chainlink for Real-Time NAV Data Integration</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Fidelity and Sygnum Partner with Chainlink for Real-Time NAV Data Integration

Crypto News Land

在 2024年7月3日發表的其他文章

MoonBag Emerges as Top Meme Coin Presale, Surpassing AVAX & DogeCoin With Over $3.1M Raised

Energy Tariffs Could End Bitcoin Mining in Paraguay, Miners Warn

ProBit Global Enlists Lucre Way, Highlights Significance of Utility Token

Malaysia’s Affin Bank Plans to Roll Out Country’s First-Ever Islamic Digital Asset Fund

Cobo Integrates The Open Network

Crypto Exchanges Alleviate Token Delisting Fears

訂閱免費電子報，每天收取加密貨幣最新動態！