Fidelity, Sygnum partner with Chainlink to bring NAV data onchain

Fidelity International and Swiss digital asset bank Sygnum have partnered with Chainlink to deliver onchain net asset value (NAV) data for a Fidelity money market fund, marking a notable production use case in the tokenization of traditional funds. The collaboration centers on Sygnum’s onchain representation of Fidelity International’s Institutional Liquidity Fund, with NAV data delivered to public blockchains via Chainlink’s decentralized oracle infrastructure. According to the firms, Chainlink oracles will automatically and securely publish the fund’s NAV onchain, enabling real-time transparency and synchronized pricing data for tokenized fund shares held on networks such as zkSync, a Layer 2 blockchain that participates in the Chainlink SCALE program. Sygnum previously tokenized $50 million of Matter Labs’ (zkSync’s developer) treasury reserves invested in Fidelity’s money market fund, and this NAV feed supports that and similar tokenized positions. Making NAV data available onchain is positioned as a key building block for broader fund tokenization, secondary market infrastructure, and interoperability across multiple blockchains, as it allows smart contracts, custodians, and other market participants to reference standardized, regulatorily relevant fund values directly onchain. The initiative is part of a wider push by large asset managers and digital asset banks to bring regulated fund structures into blockchain-native formats, enabling 24/7 access, automated compliance logic, and improved data distribution, while still relying on established offchain valuation processes. Chainlink’s role as a chain-agnostic data layer is emphasized as a way to propagate the same NAV data across different networks and existing financial systems, potentially reducing fragmentation between traditional and onchain markets.

✨ AI-generated background, compiled from web sources — not editorial content.

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