Decentralized computing platform Chainlink today announced a collaboration with Fidelity International and crypto bank Sygnum on a project that focuses on bringing net asset value data onchain.

The partnership aims to provide transparency and accessibility for NAV data in tokenized assets, specifically Sygnum’s recently issued onchain representation of $50 million Matter Labs’ treasury reserves held in Fidelity's $6.9 billion Institutional Liquidity Fund, according to a Wednesday statement. 

Chainlink said in the release that its technology facilitates the secure storage and automated synchronization of NAV data for these tokens on the ZKsync blockchain, which is a member of Chainlink’s SCALE program.

“With Chainlink, NAV data can be accurately reported and synchronized onchain in …