Bank

Value

Giant

Chainlink

Trillion

Decentralized computing platform Chainlink announced that it is collaborating with Fidelity International and cryptocurrency bank Sygnum to bring Net Asset Value (NAV) data on-chain.
The Fidelity, Sygnum Bank and Chainlink partnership aims to bring transparency and accessibility to net asset value data on tokenized assets.
After this collaboration, NAV data with Chainlink will be able to be accurately and securely reported and updated on-chain and across any public or private blockchain.
<blockquote>
 “We are excited to announce that Fidelity International and Sygnum have partnered with Chainlink to provide on-chain NAV data for Fidelity International's $6.9 billion money market fund.
 “This is a landmark production use case for tokenized assets.”
</blockquote>
Chainlink Co-Founder Sergey Nazarov said, “Fund tokenization is probably the biggest digital asset trend happening today and is a great confirmation that global asset management companies are entering this growing market. The global reach and efficiency benefits of tokenized funds are much greater than traditional methods and over time the entire asset management industry will operate.” It will become a shape.” said.
LINK, which has decreased by 1.3% in the last 24 hours, continues to be traded at $ 14.4 at the time of writing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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.
 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>
 — 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>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/5-trillion-dollar-investment-giant-established-a-partnership-with-this-altcoin/" rel="noopener noreferrer nofollow">5 Trillion Dollar Investment Giant Established a Partnership with This Altcoin!</a>

5 Trillion Dollar Investment Giant Established a Partnership with This Altcoin!

Bitcoin Sistemi EN

Other articles published on Jul 3, 2024

Bitcoin Faces Risk Of Over $1B In Liquidations If Price Hits This Level, Analyst Warns

US Spot Bitcoin ETF Net Outflows Resume Amid Trading Volume Decline

HNT jumps 7% as Helium Foundation unveils ENERGY subnetwork plan

Binance Announces Delisting Of Key Crypto Pairs, Brace For Market Impact

Pepe Price Prediction: PEPE Plunges 5% As Investors Flock To This Layer-2 Alternative That’s Just...

Bitcoin stuck in ‘indecision’ trajectory as it fails to break $64k, Glassnode says

Join our free newsletter for daily crypto updates!