**Fidelity and Sygnum Partner with Chainlink to Move NAV Data to Blockchain**
In an exciting development for the cryptocurrency world, Fidelity and Sygnum have announced a strategic partnership with Chainlink, the well-known decentralized oracle network. This collaboration aims to transfer Net Asset Value (NAV) data onto the blockchain, utilizing Chainlink’s reliable and secure technology.
The incorporation of Chainlink’s data feeds is expected to enhance the transparency and efficiency of NAV reporting, which is crucial for accurately reflecting the value of investments in real-time. By adopting blockchain technology, Fidelity and Sygnum underscore their commitment to innovation and their belief in the transformative potential of decentralized finance.
This move could potentially set a new standard within the financial industry, demonstrating how blockchain can be harnessed to improve data accuracy and trustworthiness. The partnership also highlights Chainlink’s growing influence and capability in providing critical solutions for the integration of traditional financial systems with cutting-edge blockchain technology.
**Coin: #LINK**